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Plans for a brand new London Overground station at Surrey Canal Street have been amended to permit the close by housing developer to contribute extra to the price of constructing the station. Nevertheless, the settlement will see a discount within the variety of inexpensive homes being included within the Surrey Canal Triangle growth space.
Location of latest station on present tube map
The housing growth across the Millwall soccer membership is being delivered in 5 phases, and the extra contribution by the developer of £17.17 million in direction of the Overground station shall be offset by decreasing the inexpensive housing within the second section of the event
In complete, the event will present 3,518 new houses, of which 1,232 have been to be inexpensive, and that’s been decreased to 1,132 inexpensive houses, equating to a complete of 32.6% by items and 39% by liveable room.
Section 1 (c) New Bermondsey growth
Together with the beforehand agreed contributions to bus service enhancements, the developer is now paying £25 million in direction of transport upgrades within the space.
A brand new station subsequent to the housing growth has lengthy been deliberate, and passive provision for one was included when the Overground was prolonged to Clapham Junction, ready for the time that the station would ultimately be constructed.
To get the station began, Transport for London (TfL) had beforehand secured authorities funding by means of the Housing Infrastructure Fund (HIF), which helps transport upgrades that may assist unlock stalled housing developments to cowl a number of the value of the brand new station, with an anticipated £10 million from the housing developer.
On the time, the station was anticipated to value round £21.2 million.
Nevertheless, when the event was granted planning permission in February 2022, the affordability check offered to the council confirmed that the event couldn’t present each £10 million in direction of the brand new London Overground station and inexpensive housing. As there was now HIF funding for the station, the council agreed to waive the developer’s contribution to the station in alternate for extra inexpensive housing.
The price of the station has risen to an estimated £25 million, however different competing priorities at TfL have now diverted a minimum of a number of the funding they anticipated to obtain for the brand new station to different tasks.
Subsequently, Lewisham Council has now agreed to vary the plans to allow the elimination of a number of the inexpensive houses in alternate for a better fee in direction of the railway station construct.
The £17.17 million developer contribution doesn’t cowl the complete value of constructing the station, and if the hole can’t be met from different sources, there’s an possibility that a number of the bus upgrades could possibly be redirected to pay for the station if the bus upgrades could be proven to be pointless in the long run.
One other change was that Phases 2-5 of the housing growth couldn’t begin till the Overground station was open (a Grampian obligation), however as a result of delays with the station construct, TfL has agreed to amend that restriction in order that it applies from when development of the station has began, not when it’s accomplished. That permits the developer to push on with constructing new homes whereas the station is being constructed on the similar time.
General, the modifications imply a small discount in inexpensive housing, which isn’t best, however the offset is {that a} new London Overground station is constructed the place one has lengthy been desired. In an space with pretty weak transport hyperlinks (it has a PTAL rating of simply 2 out of 6), it’s a wise compromise.
PTAL map from TfL with new station location
This text was printed on ianVisits
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