Sadiq Khan has warned that if no agreement is reached with government around Transport for London, “thousands of much-needed new homes may not be built.”

It comes as there is only five days left on the current short term Government funding deal with TfL expires.

The Mayor of London says the following housing schemes may not happen:

  • The delivery of a further 6,000 homes planned for Colindale station in Barnet
  • A second station entrance at Walthamstow Central to support the major redevelopment around the nearby shopping centre
  • 30,000 new homes in Beckton Riverside and Greenwich that would be unlocked by an extension of the Docklands Light Railway towards Thamesmead and Beckton.

Without a funding deal, “TfL’s Growth Fund would also be compromised” the Mayor has said.

The fund is specifically designed to help finance sustainable transport infrastructure schemes that could unlock development and regeneration opportunities in some of London’s most important growth areas.

The Mayor of London, Sadiq Khan said: “TfL plays an intrinsic role in so many aspects of London life beyond the Tubes, buses and trams. A modern, accessible, future-proof transport system is essential to unlock the genuinely affordable housing that Londoners so desperately need.

“Failing to adequately fund TfL is a dereliction of the Government’s duty to our capital city, the people of London and the country as a whole.

“We are in the middle of a housing crisis that cannot be solved if parts of the capital remain cut off from transport links or if vital schemes that improve access to town centres are not able to be delivered.

“There can be no national economic recovery without a London recovery, and there can no London recovery without a properly funded public transport network in the capital.

“So it’s time for the Government to provide TfL with the funding it urgently needs.”