Bakerloo Line extension 'could release 25,000 new homes.'

 

Transport for London (TfL) has launched a consultation into the extension of the Bakerloo London Underground line, which could release 25,000 new homes.

 

The extension would run from its last stop at Elephant and Castle to Lewisham, via Old Kent Road and New Cross Gate.

 

TfL said the extension is vital to meets the needs of London’s growing population, which is expected to increase from 8.7 million to over 10 million by 2030.

 

The extension aims to support growth in south-east London through new housing, improved connectivity, increased transport network capacity and reduced journey times to key destinations, including the West End and Lewisham town centre.

 

Working in collaboration with the boroughs of Lewisham and Southwark, TfL says the scheme could support at least 25,000 new homes and 5,000 new jobs.

 

Other benefits include extra capacity on London Underground for 65,000 journeys during peak times, and reduced congestion and CO2 emissions.

 

Four new stations are being proposed along the route; two on Old Kent Road, one at New Cross Gate, which would provide an interchange with London Overground and National Rail services, and one at Lewisham, providing an interchange with the Docklands Light Railway and National Rail services.