London Bets $1.5 Billion Tube Extension Will Spur Jobs, Business
- Two new stations are set to open in south London on Monday
- First big expansion in decades is expected to help developers
An updated Transport for London underground station map in Battersea Power Station underground station shows the new extension line, in London, on Sept. 20.
Photographer: Leon Neal/Getty Images
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The first major extension of London’s Tube system in decades -- a 1.1 billion-pound ($1.5 billion) project that began about six years ago -- finally comes to fruition on Monday.
The opening of the Nine Elms and Battersea Power Station stops in south London is expected to create thousands of jobs and benefit developers who in some cases have struggled to sell the hundreds of apartments being built in the area. It also will improve access to the City of London financial district and the West End, where many private equity and hedge fund firms are based.