How might the new government's Budget affect projects London Mayor Sadiq Khan is keen on?
London is a city that is constantly changing and growing.The HS2 project at Euston has been paused for two years
Now it is overshadowed by a mothballed brownfield site where not much is going on. Locals say the area has been cut in two. "We need to improve the public realm. I think the only way you are going to improve that station and have the connectivity we want, connecting to the Elizabeth line, connecting to the North, connecting to the Tube, is by Euston being a destination for High Speed 2."Businesses want it to go ahead. Business Ldn CEO John Dickie wrote to the minister for rail last month about HS2 coming to Euston. “There will never be a cheaper time to build this tunnel than now,” Mr Dickie said.
The mood music seems very positive that government will give the HS2 Euston the green light. Don't forget the local MP is the Prime Minister Keir Starmer who knows the issues very well. The big question is if it is included in the Budget, what will public money pay for? Will it fund just the tunnel or the whole development including homes and retail? And even with the go-ahead HS2 Euston probably won't open until the 2040s.
"The existing capital funding deal expires at the end of this financial year, so the end of March 2025. "The stop-starts have plagued the industry and have added real uncertainty and real costs to the taxpayer.”The DLR extension plan is extremely ambitious and would include the construction of up to 30,000 new homes along the route from Beckton to Thamesmead in south-east London.
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