By Max Clarke
London Underground’s Northern Line is facing its first extension in 70 years.
As part of a regeneration scheme that will see Battersea Power Station and the surrounding land renewed, the scheme has the potential to support some 25,000 jobs.
Said London’s Mayor, Boris Johnson: “The iconic Battersea Power Station and its surrounding area have lain dormant too long but the incredible potential of the area could be realised by a privately funded extension of the Tube.”
The 3 km extension from Kennington will be entirely privately funded and, if approved by the public during the consultation period, could be up and running by 2017.
The audacious plans to regenerate the Grade II listed Art-Deco building and the surrounding 227 hectares are being taken on by Dublin based property firm, Treasury Holdings.
Rob Tincknell, Managing Director Treasury Holdings, said: “The extension of the Northern line is recognised as necessary for the full regeneration of the Nine Elms Opportunity Area. The project to make this happen is an excellent example of how the public and private sectors have come together to achieve a set of shared objectives, all aimed at integrating this area into the rest of Central London and bringing real benefits to everyone who lives in this part of London and beyond.”