Billions of pounds to help pay for extensions to London’s Tube network could be unlocked if the Government granted Sir Sadiq Khan new fundraising powers, a major business group has argued.
In a new report, BusinessLDN has called on ministers to allow the mayor to raise money for projects like the Bakerloo line extension to south-east London or Docklands Light Railway (DLR) extension to Thamesmead, essentially by “borrowing against” the schemes’ future economic benefits.
