Finding funding for the Bakerloo line extension
Transport for London (TfL) has proposed an extension of the Bakerloo line from Elephant and Castle, to Lewisham, including the potential for a further extension beyond Lewisham to Hayes and Beckenham Junction.
The project is estimated to cost between £5.2 billion to £8.7 billion (at 2021 prices), with an additional £800 million to £1.9 billion required to extend the line further to Hayes.1
The scheme would support over 53,000 new homes along the route, transform access to public transport in southeast London, significantly reducing journey times and increasing sustainable travel options. However, questions remain over how this project will be funded.
Tomorrow, the London Assembly Budget and Performance Committee will hear from experts and TfL on the potential funding options for the Bakerloo line extension, and other new and future capital projects.
Guests are:
- Professor Tony Travers, Professor in Practice and Associate Dean, the London School of Economics
- John Kavanagh, Programme Director, Infrastructure, Business LDN
- Chris Whitehouse, Technical Director, WSP
- Maurice Lange, Analyst, Centre for Cities
- Manish Gupta, Corporate Finance Director, TfL
- Lucinda Turner, Director of Spatial Planning, TfL
The meeting will take place on Tuesday 22 July 2025 from 10am in the Chamber at City Hall, Kamal Chunchie Way, E16 1ZE.
Media and members of the public are invited to attend.
The meeting can also be viewed LIVE or later via webcast or YouTube.
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Notes to editors
- BBC News, Bakerloo line: Calls to release funding for improvements, 18 August 2024
- Neil Garratt AM, Chairman of the Budget and Performance Committee, is available for interview.
- Find out more about the work of the Budget and Performance Committee.
- Read the agenda in full.
- As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.
For more information, please contact Tony Smyth in the Assembly Media Office on 07763 251727 or [email protected]. For out of hours media enquiries please call 020 7983 4000 and ask for the Assembly duty press officer.