Hertfordshire Local Enterprise Partnership has called upon the Mayor of London Boris Johnson to push for London Underground to commit to Croxley Rail Link and help meet the challenges of the capital and Watford’s future growth.
Croxley Rail Link is a transformational scheme which will link Watford’s core business area and town centre with London, providing huge economic benefits for Watford and beyond.
In a letter to the Mayor who is also Chairman of Transport for London and the London Enterprise Panel, Hertfordshire LEP Board chairman John Gourd asked Mr Johnson to secure commitment from LU to help realise this project and show his seriousness in helping places outside the capital to accommodate its growth.
John Gourd said: “Hertfordshire LEP has recently provisionally re-allocated £37.15m of our Growth Deal funding to Croxley Rail Link which is on top of £50.5m already allocated, making a total contribution of £87.65m.
“This represents 40 per cent of the total funding we are due to receive from Government through our Growth Deal and this helps to demonstrate to you the importance that we attach to this single project. However, this re-allocated funding is conditional on LU committing to the project in terms of taking on aspects of delivery and sharing risks including a financial commitment.”
Croxley Rail Link is critical to the future growth of Watford and its ability to absorb future capital growth, with developers lined up to deliver thousands of jobs and homes along the proposed new Tube line. But this investment will be halted unless this single major infrastructure project can be realised.
John Gourd added: “It would be a great pity if lack of commitment from LU were to prevent the project progressing and effectively prevent anticipated growth in Watford, Hertfordshire and, by default, London.”