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Community and living, Housing, Regeneration, Transport and streets, Uncategorised

Lambeth set to decide on ‘unique opportunity’ of Northern Line deal

Cllr Lib Peck, Leader of Lambeth Council, has called new proposals to transform Vauxhall a ‘unique opportunity’. A new report (Vauxhall Strategic Infrastructure) will be considered by Lambeth’s cabinet on Monday 4th March 2013.

  • Lambeth will receive an estimated £46million of income from the new developments in the Vauxhall area.
  • Following extensive negotiations with the Government, GLA and Wandsworth Council, the Council is being asked to contribute £7.3m of this income to help pay for the Northern Line Extension.
  • The Council will work with the GLA to ensure the highest possible design standards for all shafts and any associated buildings in Kennington

The benefits of planned new investment in Vauxhall include:

  • The creation of 3,500 new homes and 8,000 new jobs
    Improvements to Vauxhall Underground Station, at no cost to the Council
  • A new tube station on Wandsworth Road, bringing the Northern Line to the Vauxhall area for the first time.
  • Alterations to the Vauxhall gyratory to improve safety for cyclists and pedestrians and improvements to Vauxhall bus station and local bus services
  • 50 acres of new public spaces, new parkland and improvements to existing parks and streets as well as a new riverside walk.
  • A new primary school, health and community facilities.

 

Cllr Lib Peck said,

“The Northern Line extension is an exciting development and we are pleased to be supporting it. This is vital part of our plan to create thousands of new jobs and homes in Vauxhall, giving the local community a town centre with a proper high street and making the desperately needed safety improvements for pedestrians and cyclists around the gyratory.

‘In the coming weeks and months I am determined to see thousands of Lambeth residents benefit directly from the new jobs and homes which are being created on their doorstep.”

1. More on the Vauxhall Strategic Infrastructure cabinet report here:

2. The Lambeth report contains the following proposals to improve the transport network in Vauxhall including:

  • · An extension of the Northern Line Underground from Kennington to Battersea Power Station,
  • · A new Nine Elms Station in Lambeth, bringing the Northern Line to the Vauxhall area.
  • · Improvements to Vauxhall Underground Station, at no cost to the Council
  • · alterations to the gyratory and the bus station
  • · improvements to bus services, better
  • · safer routes for pedestrians and cyclists

 

3. Funding
· Lambeth will receive an estimated £46million of income from the new developments in the Vauxhall area. Following extensive negotiation with the GLA, the Council is being asked to contribute £7.3m of this income to help pay for the Northern Line Extension. This represents 15% of expected income, down from the original assumption that Lambeth should contribute approximately 60%.
· The extension to the Northern Line is estimated to cost just under £1bn, funded mainly through the creation of an Enterprise Zone in Vauxhall / Nine Elms.

 

4. Jobs for Lambeth residents
In September 2012 Lambeth signed a jobs charter for the area. This brings together local authorities, local schools and colleges, and the development industry to provide training and employment for local people. The charter is helping to ensure local people and local businesses are benefiting from the first of 237 apprenticeships and 1400 training opportunities.

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