The Mayor and Transport for London (TfL) have announced that work to dramatically transform and improve Bank Tube station will begin in the new year after the plans were given the go-ahead by Government. The £563m upgrade, commencing in April, will increase the busy station’s capacity by 40 per cent, improving accessibility and reducing interchange times when it is completed in 2021. The majority of construction work will take place behind the scenes with the station remaining open to customers.
Volterra prepared the Wider Economic Benefits case for Bank station in 2014. In this we set out the benefits of increasing station capacity, not simply as more comfortable journeys for commuters, but in terms of enabling additional development and economic growth around Bank station. In areas of high growth and high productivity, transport capacity constraints can impose large economic costs.
Nick Brown, Managing Director of London Underground, said: “Improving Bank station is at the heart of our multi-billion pound investment programme to improve and expand the Tube. This critical and ambitious station upgrade will create a new southbound Northern line railway tunnel and platform to vastly reduce interchange times. A new station entrance on Cannon Street will also be constructed alongside a range of other major improvements to create more direct routes, improving accessibility for the millions of Tube customers who use Bank station each year.”
Image: provided by London Underground.