Barking Riverside Overground extension gets £55m funding
- Credit: Archant
The Overground extension to Barking Riverside is one step closer to being built.
The National Infrustructure Plan, published today ahead of the Chancellor’s Autumn Statement, declared that the government “will agree a principal heads of term agreement for a loan of £55million to support the extension of the London Overground to Barking Riverside.”
The 4km extension, which has been touted for a number of years, will unlock the delivery of 11,000 homes , plus leisure and retail facilities, by extending the Gospel Oak to Barking line.
A public consultation on the extension by Transport for London opened in September, with drop-in sessions for those living nearby as well as an online survey for Overground users.
In his March budget speech, George Osborne revealed that the government was “committed” to extending the line but at the time did not go into detail about funding.