Camden Council has called for plans for Crossrail 2 to join up with a redevelopment of the current Euston Station in its response to the National Infrastructure Commission’s Call for Evidence.
The Council asks for the Commission to recommend to the Secretary of State for Transport and the Chancellor of the Exchequer that the process of bringing forward funding for the redevelopment of the classic (Network Rail) station at Euston be accelerated.
Achieving commitment to redeveloping the classic station would allow development of the station to fully integrate with plans for High Speed (HS2) and Crossrail 2. Making the Crossrail 2 station part of a Euston Station rebuild would reduce the disruption homes and businesses in Somers Town face under current Crossrail 2 proposals.
A comprehensive redevelopment of Euston Station would help achieve the vision set out in the Euston Area Plan of up to 14,100 new jobs and up to 3,800 new homes developed around the new station.
The Euston Growth Strategy, prepared by Camden Council, the Greater London Authority (GLA), Transport for London (TfL) and Network Rail, indicates that a comprehensive redevelopment could generate a development value of circa £3bn, an additional £1.1bn of GVA per annum and return of approximately £1.3bn to the exchequer up to 2060. It would also provide opportunities to reduce the cost of delivering the Euston-St Pancras Crossrail 2 station and increase the benefits of Crossrail 2 to Camden.
The Council suggests that Euston Station could form a case study for the Commission to consider in further detail.
The National Infrastructure Commission is a new, independent body looking broadly at long-term infrastructure needs in order to provide impartial advice to ministers and Parliament. This includes a focus on large-scale transport infrastructure improvements in London.
Councillor Phil Jones, Cabinet Member for Regeneration, Transport and Planning at Camden Council, said:
“A comprehensive development of Euston Station is vital to bring together the major infrastructure projects planned for this area, and would both reduce the disruption felt by local residents and create a world-class transport hub.
It would give us the best conditions for realising the vision of the Euston Area Plan, including the creation of new jobs and new homes – an opportunity we can’t afford to miss in the face of London’s housing crisis.
We’re clear that Government need to fast-track funding for Euston to achieve these ambitions. We’ll continue to provide evidence to the Secretary of State for Transport and work with partners via the new Euston Station Strategic Redevelopment Board to support our case.”