Funding for Woolwich Crossrail station has been announced today, 25 July 2013. A statement from the House of Lords laid out the funding package, made up of a GLA grant with contributions from developers Berkeley Homes, and TfL.
Approval has been expected but the final go-ahead has been a long time coming with protracted negotiations dragging on between Greenwich Council, Berkeley Homes, TfL and the Department for Transport over financing the £100m station.
Greenwich Council leader Councillor Chris Roberts said: “This is an historic announcement. I cannot overstate just how important this is for Woolwich and the borough as a whole. It is absolutely critical in cementing the regeneration of this area and it will give our businesses, residents and investors the best possible opportunities for the future.”
Roberts continued, “it’s taken a huge effort, commitment and a very clear vision to bring Crossrail to Woolwich and I am very grateful to all of those who have worked with us to make sure this deal was secured.”
Woolwich Crossrail will serve up to 12 trains per hour during peak times when commissioned in 2018, providing a link between south east London and the Royal Docks with Canary Wharf, central London and beyond.