The long-awaited Croxley Rail Link, which is designed to connect London Underground’s Metropolitan Line to Watford Junction, is moving a step closer to receiving the green light, following the latest funding agreements.
Transport for London has agreed to contribute £46.5m and it will meet project costs incurred over the total £284.4m project scheme costs. This decision follows the announcement in last month’s Budget that the Department for Transport will provide £109.82m.
Hertfordshire Local Enterprise Partnership has notionally allocated £87.65m to the project. This comprises a provisional re-allocation of £37.15m of its Growth Deal funding to Croxley Rail Link which is on top of £50.5m already allocated. This combined total contribution would represent 40 per cent of its total Growth Deal funding and is subject to the LEP Board’s approval. A decision is due later this month.
Hertfordshire County Council, which is leading a consortium of local funding partners including Watford Borough Council and Three Rivers District Council, are to contribute £40.23m.
If all goes ahead it is expected that construction work to re-route the Metropolitan Line to Watford Junction will start later this year, with trains running as early as 2018.
Benefits of the rail link include:
• A London Underground rail link to central London for all Watford's residents, which will also supplement existing passenger services from Watford Junction and Watford High Street. On completion of the rail link, up to 16 trains an hour will link the town with London.
• Approximately 2,700 net additional households will fall within an 800m catchment area of a station.
• An improved east-west public transport connection for Watford, Rickmansworth and Croxley Green, which also helps reduce the strain on Watford’s busy road network.
• The provision of an important public transport link for patients and employees of the existing Watford General Hospital and the under-construction Watford Health Campus.
• The rail link will support economic development in Watford and its surrounding areas by providing improved transport links to business and retail centres.