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£450m FOR EAST LONDON LINE PROJECT AHEAD OF 2012 OLYMPICS

Discussion in 'On Track.' started by LSWR, Dec 22, 2005.

  1. LSWR

    LSWR Part of the furniture

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    THE European Investment Bank has signed a £450m loan to Transport for London (TfL), in support of the East London Line project (ELLP), a key component of TfL's £10 billion five-year investment programme.

    With preparatory works well advanced, the ELLP remains on schedule to re-open in 2010 as part of the delivery of improved transport links that will be required to host the 2012 Olympic and Paralympic Games.

    The loan was signed in London by EIB Vice-President Peter Sedgwick and Jay Walder, Managing Director, Finance and Planning, at TfL.

    An integral part of the team in London's successful bid to host the 2012 Games, TfL developed an Olympic Transport Plan based on the principle spectator use of public transport, walking, or cycling options during the Games.

    The ELLP will improve connections for South East, East and North East London and provide an interchange with the Jubilee Line that will be key to serving the Olympic Park during the 2012 Games.

    SOURCE RAILNEWS
     
    LSWR, Dec 22, 2005
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