Search

New £12billion railway could spell big boom for Islington businesses

PUBLISHED: 14:32 06 February 2013 | UPDATED: 16:29 06 February 2013

Crossrail 2

Crossrail 2

Archant

Plans for a new £12billion underground railway through the heart of Islington were unveiled this week.

Islington Council leader Catherine West Islington Council leader Catherine West

The proposed route for Crossrail 2, a north east to south west express service, includes stops at King’s Cross and Angel, according to a new report.

The scheme, put forward by business lobby group London First on Tuesday, would mean digging a massive tunnel underneath the borough.

It’s too early to say if the project would involve demolishing homes in its path, but with an estimated 100,000 passengers every day, it could create a vital boom for business in the area.

Cllr Catherine West, leader of Islington Council, said: “It’s wonderful news – it will create a lot of jobs and real investment in Islington – as well as connecting us to the city.

“The building work will provide a massive boost to the economy locally and it will help more people come to visit.”

But, while welcoming of the plans, Christine Lovett, director of Angel Business Improvement District, sounded a note of caution.

She said: “We understand the importance of attracting visitors, making it easy for employees to get to work, and keeping the Angel the buzzy place it is now.

“But we also work closely with residents and would need to know it considers them – both in its construction and its overall impact.”

If the plans are approved, work would start in the 2020s and the new service could open in the early 2030s.

By that point, London’s population is set to hit 10million and the report suggests that without Crossrail 2, some stations will be so congested they would be forced to close during the day to avoid endangering passengers.

Cllr West, chairman of London Councils’ Transport Committee, continued: “It’s good to think about these problems in advance before it gets too late. Anyone who travels on the Northern Line will tell you it’s not fit for purpose.

“The only question is how we pay for it – we need to attract the private sector.

“And we need to make sure there are toilets on it – there could be some long journeys.”

The new line would be bankrolled by a public grant, loans against future revenue and private sector investment.

But London First, chaired by former transport secretary Lord Adonis, said that without Crossrail 2, at least £6billion would need to be to injected into existing Tube and rail infrastructure.

Jo Valentine, chief executive of the thinktank, said: “The UK faces a stark choice: go on investing in London’s transport to keep pace with population and jobs growth – or stifle London’s future success with bottlenecks.”

Other alternatives were explored, including a new eastern branch of the Northern Line between Archway and Finsbury Park, but the impact on congestion was thought to be negligible.

London mayor and Islington resident Boris Johnson said: “The case for the construction of Crossrail 2 is incontestable and is made forcibly in this report.

“Over the next 20 years London’s population is forecast to expand to levels that will clog the Tube and rail arteries of our great city if we do not provide more capacity. There is no time to lose.”

0 comments

Latest Islington News Stories

Yesterday, 13:01

A Finsbury pub has sacked off all meat and dairy to go 100 per cent vegan.

Yesterday, 10:08

A huge ceramic tile installation will grace the new City North development next to Finsbury Park station when it opens in early 2020.

Yesterday, 09:57

A BMW went up in flames this morning after a nearby gas cylinder was knocked over and caught fire in Offord Road, Barnsbury.

Mon, 17:25

If you supported Arsenal or had an N5 postcode in 1988, it’s almost certain you’ll remember the “Battle of Highbury”.

Mon, 12:52

A brave six-year-old girl foiled a kidnapper who tried to snatch her friends.

Mon, 12:11

The government has said maintenance work at Pentonville prison will continue as normal after contractor Carillion went into liquidation.

Mon, 10:09

An end is finally in sight after two years of closures on the Gospel Oak to Barking Overground line, which has reopened today for what commuters hope is the last time.

Saturday, January 13, 2018

Wondering what the weather has in store for us this weekend? Watch our three-minute Met Office video forecast.

PROMOTED CONTENT

“With teenagers there’s a lot of banter, and you can really establish a relationship. You have to trust teenagers to make their own decisions.”

Newsletter Sign Up

Sign up to receive our regular email newsletter

Most read

Show Job Lists

Digital Edition

cover

Enjoy the
Islington Gazette
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now