Bank station upgrade plans unveiled to public
Londoners will get the opportunity to have their say on Transport for London’s (TfL’s) proposals for a major upgrade of Bank station from this week when a public consultation begins.
The Bank/Monument station complex, located in the heart of the City of London’s financial district, is the fourth busiest interchange station on the Underground network with 98 million customers using the station in 2012/13.
This is set to increase in the coming years, so TfL is planning a major upgrade of the six-line interchange which will increase capacity and provide a step-free route between the Northern line platforms, Docklands Light Railway and street levels.
The upgrade of the station is set to be delivered in 2021 following the funding settlement agreed by the Mayor with government in the summer which, although challenging and requiring efficiencies to be found, has protected core investment in London’s transport infrastructure over the coming years.
TfL has sought to increase the scheme’s benefits to customers while reducing costs by taking a new approach to procurement that rewarded innovation throughout the supply chain.
Adopting this method on the Bank project has delivered 45 per cent additional value through cost savings and improved benefits.
This has reduced the estimated final cost of the project by £61m and cut planned engineering closures by more than 22 per cent.
David Waboso, London Underground’s Capital Programmes Director, said: ’Bank is a key interchange for our customers and it’s vital that we keep pace with the increase in demand we’re seeing now and in the future.
’We’ve adopted a new innovative approach to developing the Bank proposals which has allowed us to incorporate innovations through market competition. Now we want our customers’ views on our plans so that we create a modern Tube interchange that works for Londoners.’
A public consultation on the plans will be live online from 4 October until 8 November at tfl.gov.uk/bank and will be supported by a public exhibition at St Mary Abchurch in Abchurch Lane from 8 to 11 October, between 11:00hrs and 19:00hrs each day.
The exhibition will include a three-dimensional model of the planned improvements, an architect’s animated film and displays showing greater detail of various aspects of the plans.
TfL staff will be on hand at the public exhibition to explain more about the plans and answer questions.
All views expressed through the consultation will be taken into account in progressing the scheme, and a summary of consultation responses will be published on line at consultations.tfl.gov.uk/
Notes to editors:
• Following a competitive tendering process, TfL awarded the contract for the Bank station upgrade to Dragados SA in July this year. The other pre-qualified bidders were BFK Joint Venture, CVC Joint Venture and MBA Joint Venture
• The Bank/Monument complex is served by six lines: Northern, Central, Waterloo & City, District, Circle and DLR
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