The bridge, at the Royal Victoria Dock, was originally forecast to cost about 28m and would have been covered by a loan from public body, Homes England, however estimated costs have jumped to 41m.
The mayor of Newham, Rokhsana Fiaz, told cabinet members that the bridge was "a key piece of infrastructure" for the borough and would help "enable regeneration" at the Silvertown Quays site.
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