A Boris Johnson premiership could be good news for the prospects of a Bakerloo line extension via the Old Kent Road, a Southwark Council officer has said.
Kiran Chauhan, Southwark Council team leader for the Old Kent Road, was speaking at a New London Architecture panel discussion entitled Investing in Infrastructure – London and the rest of the UK on Friday morning.
"The GLA and TfL are very keen, and also we've had Boris [Johnson] make some comments over the past couple of days about how critical transport infrastructure is to delivering new homes, so I think that could be really good news for the Bakerloo line and lots of other transport infrastructure projects," said Ms Chauhan.
"If he becomes prime minister maybe we'll see these kinds of projects start to happen."
Ms Chauhan said that KPMG has been commissioned to carry out a study into how some of the increase in land values attributable to the new tube link could be used to part-fund the £3.6 billion project.
"We can use that as a basis to lobby the Government ahead of the comprehensive spending review later this year or early next," she said.
A Transport for London official recently warned the London Assembly that only 9,000 of the 25,000 new homes planned for the Old Kent Road area can be built unless or until the Bakerloo line extension is in place.
If funding is found, the Bakerloo line could be extended from Elephant & Castle to Lewisham via the Old Kent Road by 2030.
Southwark and Lewisham also recently teamed up to promote the Bakerloo line extension with a joint exhibition stand at the London Real Estate Forum.
Mayor of London Sadiq Khan – who recently noted that "the paralysis in the Government is causing big problems in infrastructure in London" – has also promised to lobby ministers to allocate funds to the Bakerloo line extension in the comprehensive spending review.
For the latest local news and events direct to your inbox every Monday, you need our weekly email newsletter SE1 Direct.
7,000+ locals read it every week. Can you afford to miss out?
Read the latest issue before signing up