The Elephant and Castle station upgrade should be finished by 2027, Transport for London (TfL) has said.
The £94 million project has had more than £37 million of Southwark Council funding, and is due to get another £25 million, but its future has been unclear since TfL ran into major money troubles during the pandemic. The News reported last year on comments by TfL bosses that the station upgrade was “undeliverable” as things stood.
TfL is paying for the tunnels between the Northern and Bakerloo lines, while developers Delancey are paying for the station box.
The transport agency and developers Delancey have agreed to split the payments into two parts to make the funding process easier. This will means a change to an agreement between Southwark, the developers and TfL.
Elephant and Castle tube: Southwark Council spending £63m on ‘undeliverable’ station upgrade
The upgrades to the station were due to form part of the Bakerloo line extension, which would have seen two new tube stations added to the Old Kent Road. Southwark Council said last year that the extension was “fundamental to plans for growth and development in the borough”.
Labour’s Cllr Johnson Situ added at the time that the upgrade to the station would “help support the case for the overall Bakerloo Line Extension project, strengthening TfL’s case for capital funding.”
But the extension to the Bakerloo Line has been shelved indefinitely, due to TfL’s financial struggles after the pandemic. Earlier this year a TfL board member said the work was unlikely to happen in her lifetime.