"Rachel Reeves is expected to announce funding for an extension of the Docklands Light Railway at next week's budget in an attempt to secure thousands of new homes. A Treasury source said the chancellor is expected to back the extension of the DLR to Thamesmead, in south-east London. The area has long been without public transport, which has been blamed for preventing the redevelopment of a riverside site that could include new homes."
"Extending the line to Thamesmead perhaps best known as the location of the brutalist 1960s estate that appeared in Stanley Kubrick's dystopian film A Clockwork Orange is expected to cost about 1.7bn and has been backed by London's mayor, Sadiq Khan. The line would be extended from Gallions Reach, near London City airport, and include a new station at Beckton, as well as in Thamesmead itself."
"I'm really pleased that the government is backing the DLR extension to Thamesmead, something I've long called for alongside London's businesses and communities. The project is a win-win and a massive vote of confidence in London. It will not only transform travel in a historically under-served part of the capital but also unlock thousands of new jobs and homes, boosting the economy not just locally but nationally."
Funding is expected for a Docklands Light Railway extension to Thamesmead to unlock thousands of new homes and jobs. The extension, backed by the mayor and supported by a Treasury source, is projected to cost about 1.7bn and run from Gallions Reach to new stations at Beckton and Thamesmead. Current journeys into the City take about an hour and to Stratford 45–55 minutes; the new line could cut City commutes to 35–40 minutes and Stratford to 30 minutes. The project is expected to enable around 25,000 homes, up to 10,000 jobs, and nearly 18bn of private investment.
Read at www.theguardian.com
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