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Publication type: General
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Contents
A river crossing between Rotherhithe and Canary Wharf was set to help transform this growth area of east London by unlocking better access to jobs and homes.
However, this major infrastructure project was paused, by Transport for London (TfL), who are in the middle of developing a cheaper, alternative option - a frequent ferry service.
Budget projections for the project soared from £120-£180 million in November 2017, to £463 million in March 2019 and now latest estimates stand at exceeding £600 million.
The London Assembly Transport Committee has written to TfL to urge them to review and improve its business planning process, so that under-funded and undeliverable projects are not progressed, as a result of unrealistic engineering proposals and low cost estimates. The Committee has also sought further detail and clarification on the proposed ferry service.
Related documents
Letter on the Rotherhithe to Canary Wharf crossing
Deputy Mayor response to Canary Wharf to Rotherhithe letter