The Northern Line Extension, Nine Elms: "Public transport infrastructure for massive regeneration scheme" (Sob,sob)

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"The Northern line extension (NLE) from Kennington will provide the fast, high capacity transport link, needed to support a major increase in the number of residents and businesses based in Nine Elms on the South Bank. It would provide two new tube stops within the area – one would be located on Wandsworth Road and the other at Battersea Power Station.

"The scheme would be funded largely through a levy on the area’s development sites and through future growth in business rates revenue. Three years of detailed planning and design work are already been complete and the scheme received widespread backing during its first and second round public consultations.  Transport for London is now preparing a planning application for the scheme under the Transport and Works Act which it expects to submit in 2013.  The new Tube link could open for business by 2019.

"The Government pledged its support for the Northern line extension in the Chancellor’s 2011 Autumn Statement.

"Find out more about the plans to extend the Northern Line on the TFL website.

Driving Growth

"An independent study by leading economic consultancy Volterra has concluded that the wider economic benefits of extending the Northern line would pay for the scheme between three and nine times over.

"The Volterra’s economic benefits study concluded that the new Tube link would:

• expand the Central London Activity Zone – one of the most productive commercial districts in the world.
• generate up to £7.9bn in wider economic benefits and up to £4.5 billion in additional tax revenue for the Exchequer.
• repay the money spent delivering the NLE between three and nine times over through increased economic outputs and increased foreign investment in the UK .
• more than treble the number new of jobs created in the area – up to 25,000
• provide capacity for 16,000 new homes in the area."

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Our Vision

"The greatest transformational story at the heart of the world’s greatest city.

"This is how we see Nine Elms on the South Bank and how important the area’s regeneration is for the boroughs of Lambeth and Wandsworth, the rest of London and the UK economy as a whole. This is the last piece of the central London jigsaw and will complete the redevelopment of the South Bank.

"The area will become an ultra-modern, exciting destination in central London offering 16,000 new homes, 25,000 new jobs, new schools, parks, culture and the arts."

[We just get Hammerson 'Living Bridge' (sic).]

Link to Nine Elms web site

The Partnership

"The Nine Elms Vauxhall Partnership was created in 2010 to coordinate and drive forward the transformation of an entire district of Central London. Co-chaired by the leaders of Wandsworth and Lambeth Council, it includes the area’s main developers and landowners, the Mayor of London, Transport for London and the Greater London Authority.

"It is responsible for setting and delivering the strategic vision for the area, including the £1 billion infrastructure investment package."

[We just get B-list Hammerson, and dysfunctional Barnet's ever-changing Regeneration Team.]