Green light for £27.5m rail upgrade funding
by Jim Dunton Wed 5 June 2013, 12:30 pm
Plans for the multi-million pound upgrade of rail services that are crucial for the future of Enfield's Meridian Water project have passed a crucial funding milestone.
London Mayor Boris Johnson has announced that proposals to allocate £25 million towards the £72 million upgrade of the West Anglia line between Stratford and Angel Road stations have been approved for further development by the London Enterprise Panel.
Also supported for further work is a £2.5 million allocation to improve Angel Road Station as the main rail gateway for Meridian Water in Edmonton.
The next stage of approval for the projects will include further assessment by the Greater London Authority’s investment and performance board before final agreement by the mayor.
The West Anglia line’s so-called STAR upgrade would provide up to four trains an hour between Stratford, a reopened Lea Bridge Station, Tottenham Hale, Northumberland Park, and Angel Road.
It would see the addition of a third track between Lea Bridge and Angel Road to ensure that the extra stopping-trains did not interfere with the schedule of Stansted Express services.
Meanwhile, the Angel Road Station work would increase passenger capacity for Meridian Water, where more than 2,500 homes and more than 55,000 sq metres of employment space are set to be developed, potentially unlocking 2,300 jobs.
Johnson said the London Enterprise Panel’s adoption of the bids was a “significant milestone” for the projects, and would include more detailed development work on business cases, technical modelling, and delivery mechanisms.
“Transport links are a vital precursor to economic development,” he said.
“This money is earmarked for investment into transport schemes which have significant potential to stimulate growth and job creation.
“I welcome the London Enterprise Panel’s assessment of which projects are best placed to do this and City Hall will now be working with the bid teams to progress these ambitious proposals.”
The Greater London Authority said the £72 million estimated cost for the STAR scheme would require contributions of £44 million from Network Rail and £3 million from Transport for London.
The potential £25 million allocation was in response to a funding bid from the multi-authority North London Strategic Alliance.
The Angel Road Station upgrade cash is being considered in response to a separate bid from Enfield Council.
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