Investment for Growth and Prosperity31 December 2012
December has seen two major announcements that will positively effect the transport infrastructure and systems in around London.
On the 4 December, launching Transport for London’s new business plan, the Mayor set out a range of major new transport initiatives over the next three years, including the first phase of the Northern Line Upgrade to reduce journey times and increase capacity, the introduction of air conditioned trains on the Circle, Hammersmith & City and District lines, improvements to the Croydon Tramlink, extension and improvements to the Barclays Cycle Highway and a contribution to complete Crossrail by 2018. In addition, the TfL business plan is seeking a steady and sustainable funding stream for the next decade to continue delivering substantial upgrades and improvements to the road, rail and bus networks.
On the 5 December in his Autumn Statement the Chancellor announced a £1Bn loan to underwrite the long awaited extension of the Northern Line out to Battersea Power Station, a scheme that will liberate the 39 acre site that has been dormant for many decades. This coupled with the latest TfL business plan will see unprecedented investment in both existing and new infrastructure that will support jobs, economic growth and prosperity.
As a key provider of consultancy services to TfL over the past 20 years, CPC is well positioned to support the current investment programme and play its part in ensuring that the capital remains a world-leading city.