Station rezoning (1)

Meeting: 
MQT on 2015-12-16
Session date: 
December 16, 2015
Reference: 
2015/4229
Question By: 
Caroline Pidgeon
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor
Category: 

Question

What is the cost of rezoning Stratford, Abbey Road, Canning Town, Star Lane, Stratford High Street, Stratford International and West Ham stations as zone 2/3 stations?

Answer

Answer for Station rezoning (1)

Answer for Station rezoning (1)

Answered By: 
The Mayor

As set out in MD 1562, the rezoning of Stratford, Stratford High Street, Stratford International, Abbey Road, Canning Town, Star Lane, and West Ham stations as zone 2/3  will result in a reduction in fare revenue of around £8m a year.  This includes £1m for the rezoning of the smaller stations adjacent to the Stratford stations.

The rezoning is a key element of my plans to secure the Olympic legacy and should ultimately be self-funding as a result of the increased value of land owned by GLA functional bodies in the Stratford area.

This makes the case for the Stratford rezoning unique and so it should not be taken as a precedent justifying further changes elsewhere.