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13/06/2014
London's Newest Tunnel Under The Thames Unveiled
Today, Friday 13th June, the Chancellor of the Exchequer, the Rt. Hon. George Osborne MP, unveiled London's newest tunnel under the River Thames.
The 'Thames Tunnel', part of the £14.8bn Crossrail project, stretches for almost 2 miles and took 2 and a half years to complete. It will help to significantly improve connections between south-east London and the rest of the capital when it opens in 2018. As a result of the new link journeys times will be cut by up to half from Abbey Wood to Canary Wharf, Bond Street and Liverpool Street.
The Chancellor was joined 15 metres below ground under the river Thames at North Woolwich by Crossrail Chairman Terry Morgan and Crossrail apprentices who have worked on the tunnels.
Speaking from the site the Chancellor said: "As part of our long term economic plan we are investing in infrastructure around the country to create a more balanced, resilient economy.
"Crossrail is not only providing extra speed and capacity for London's passengers, but also supporting new housing, jobs and businesses."
Since 2008 there have been planning applications within a kilometre of Woolwich Crossrail station for 4,286 new homes, over 70,000 square feet of new office space and 114,000 square feet of new retail space.
Crossrail will also develop almost 500,000 square feet of residential development above the new station. Berkeley Homes is currently constructing 631 new homes above Woolwich Crossrail station, of which 265 (42%) will be affordable.
(CVS/CD)
The 'Thames Tunnel', part of the £14.8bn Crossrail project, stretches for almost 2 miles and took 2 and a half years to complete. It will help to significantly improve connections between south-east London and the rest of the capital when it opens in 2018. As a result of the new link journeys times will be cut by up to half from Abbey Wood to Canary Wharf, Bond Street and Liverpool Street.
The Chancellor was joined 15 metres below ground under the river Thames at North Woolwich by Crossrail Chairman Terry Morgan and Crossrail apprentices who have worked on the tunnels.
Speaking from the site the Chancellor said: "As part of our long term economic plan we are investing in infrastructure around the country to create a more balanced, resilient economy.
"Crossrail is not only providing extra speed and capacity for London's passengers, but also supporting new housing, jobs and businesses."
Since 2008 there have been planning applications within a kilometre of Woolwich Crossrail station for 4,286 new homes, over 70,000 square feet of new office space and 114,000 square feet of new retail space.
Crossrail will also develop almost 500,000 square feet of residential development above the new station. Berkeley Homes is currently constructing 631 new homes above Woolwich Crossrail station, of which 265 (42%) will be affordable.
(CVS/CD)
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