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Treasury Expected to Back Extending London's DLR to Thamesmead
The £1.7 billion project aims to unlock 25,000 homes and 10,000 jobs by improving transport and reducing commute times in south-east London.
- Next week, Chancellor Rachel Reeves is expected to back an extension of the Docklands Light Railway to Thamesmead in the Budget, a scheme estimated to cost about 18 billion.
- Historically, Thamesmead has lacked rail access so riverside redevelopment stalled, but the extension is projected to unlock 25,000 homes, 10,000 jobs and almost 18 billion in private investment after last month's New Towns Taskforce shortlisting.
- The DLR would branch off after Gallions Reach and create two new stations at Beckton Riverside and Thamesmead, using viaducts and a tunnel, with construction starting in 2027 and opening in the early 2030s.
- The Treasury would underwrite the project and enable Transport for London and the Greater London Authority to borrow, risking deprioritising the Bakerloo line extension and West London Orbital.
- Around 500,000 Londoners could benefit as journeys to Stratford drop to about 25-30 minutes and Canary Wharf to 20-25 minutes, boosting local development.
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Reeves to back £1.7bn extension of London’s Docklands Light Railway
Funding announcement expected in next week’s budget as part of attempt to secure thousands of new homes Rachel Reeves is expected to announce funding for an extension of the Docklands Light Railway at next week’s budget in an attempt to secure thousands of new homes. A Treasury source said ...
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Total News Sources37
Leaning Left3Leaning Right0Center20Last UpdatedBias Distribution87% Center
Bias Distribution
- 87% of the sources are Center
87% Center
13%
C 87%
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