Major upgrade of Bank Tube station gets the green light for work to begin

Bank Tube Station

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.

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ELLIE EVANS

Partner

e: eevans@volterra.co.uk
t: +44 020 8878 6333

Ellie is a partner at Volterra, specialising in the economic impact of developments and proposals, and manages many of the company’s projects on economic impact, regeneration, transport and development.

With thirteen years experience at Volterra delivering high quality projects to clients across the public and private sector, Ellie has expertise in developing methods of estimating economic impact where complex issues exist with regards to deadweight, displacement and additionality.

Ellie has significant experience in estimating the economic impact across all types of property development including residential, leisure, office and mixed use schemes.

Project management of recent high profile schemes include the luxury hotel London Peninsula, Battersea Power Station and the Nova scheme at London Victoria. Ellie has also led studies across the country estimating the economic and regeneration impact of proposed transport investments, including studies on HS2 and Crossrail.

Ellie holds a degree in Mathematics and Economics from the University of Cambridge.