Search

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

14:32 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 WestIslington 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, 17:47
Michael Otshudi was sentenced to 18 months

Two men have been jailed over the shooting of a good Samaritan who was trying to break up a brawl at a wake – but police believe the gunman is still at large nine months on.

Yesterday, 13:31
Mehmet Ozer celebrates his £303,465.20 EuroMillions win at his workshop in Caledonian Road, Islington. Picture: Ady Kerry/Camelot

A lucky upholsterer has a foot on the housing ladder after decades of renting – thanks to a £300,000 EuroMillions win.

Yesterday, 10:43
Cllr Claudia Webbe with the solar panel array at Islington's Reuse and Recycling Centre. Picture: Islington Council

Islington Council expects electricity savings of £1.5 million over the next 30 years, after installing more than 1,800 solar panels on three of its buildings.

Yesterday, 09:41
Flowers at the scene of the crash where Lewis Johnson, 18, died on Tuesday (Picture: Ken Mears)

Tributes have continued to pour in for 18-year-old Lewis “lighty Lew” Johnson, who died on Tuesday after his motor scooter collided with a van following a police chase.

Thu, 18:16
Dangerous: The junction of Pentonville Road and Islington High Street (Picture: Google StreetView)

Campaigners say “urgent” action must be taken over a deadly Islington junction after figures ranked it in the top 10 most dangerous for London’s pedestrians.

Thu, 14:00
Feeding pigeons in the Palmer Estate could lead to eviction, the letter said. Picture: Jonathan Brady/PA WIRE

Heavy-handed town hall officials made a bizarre threat to evict council tenants because they had been feeding pigeons.

Thu, 12:53
This Girl Can Islington launched in Sobell Leisure Centre last week

A “genuinely affordable” campaign has been launched to break down barriers women and girls face in getting exercise.

Thu, 12:23
Pentonville Prison (Picture: PA Wire)

One of Britain’s longest-serving murderers is the only man to have escaped from Pentonville prison in the last five years, a Gazette investigation has revealed.

Most read news

Competitions

Champagne experience

This Valentine’s Day, the Coca-Cola London Eye is the perfect destination for lovebirds, offering a range of romantic experiences from Friday 12th February - Sunday 14th February 2016.

Sony Smart Ultra HD 55'' LED TV

Enjoy the ultimate entertainment experience in your living room with the Sony Smart Ultra 55’’ LED TV. Be the envy of all your friends with this huge TV- you can change your living room into your own cinema! Get the boys around to watch the football or get the girls around to watch the DVD of 50 Shades.. this is a prize that everyone would enjoy! Stand a chance to upgrade your current entertainment system by wining this fantastic prize.

Digital Edition

cover

Enjoy the
Islington Gazette
e-edition today

Subscribe