New £4.5bn funding model for stalled London rail schemes

A new funding model allowing borrowing against future increases in tax revenue could unlock billions of pounds to support three key London transport schemes.
An adaption of the financing model first used successfully in the Capital to deliver the Northern Line extension to Battersea would drive economic growth and housing development, according to a report published today by campaign group BusinessLDN and consultant WSP.
The transformative model could generate up to £4.5bn over 25 years, u