Focus On Pimlico: This central spot is the perfect place to pick up a period conversion flat and benefit from the re-development of Victoria December 11, 2018 In London, you often have to make the choice, whether to live in a traditional part of town that’s earned its towering house prices, but isn’t likely to soar again anytime soon; or take a punt on an up-and-coming part of town that’s better value and has the potential for price growth. Luckily, with Pimlico, [...]
Nearly 300,000 homes could be built in Greater London above rail tracks, says new research December 11, 2018 Untapped space above London’s railways tracks could pave the way for as many as 280,000 new homes, according to new data that comes amid growing calls to tackle the capital’s housing shortage woes. Almost 2,500 hectares of land on top of Greater London’s train, overground and Tube lines could be freed up, a report by [...]
Crossrail crisis: Businesses react to £1.4bn bailout and further delay December 11, 2018 The crisis facing Crossrail deepened yesterday as Transport for London (TfL) confirmed that the delayed project could need up to £2bn in extra funding to keep afloat. Crossrail chief executive Mark Wild also admitted that the railway, which had already been delayed from December 2018 to autumn 2019, may not open until 2020. While the [...]
Crossrail crisis escalates as TfL confirms up to £2bn cost overrun and possible delay to 2020 December 10, 2018 The crisis facing Crossrail deepened today after Transport for London (TfL) admitted that the delayed project could need an extra £2bn in rescue funding to stay afloat. The Elizabeth Line, which will stretch from Heathrow in the west to Abbey Wood in the east, was projected to cost £15.4bn and to open by 9 December [...]
O2 restores 3G and 4G services after Ericsson software issue led to day-long data outage for 32m customers December 7, 2018 O2's network has been fully restored after a data outage affecting up to 32m customers lasted the entirety of Thursday. Problems were first reported at around 5.30am yesterday, with O2 customers saying they could not use 3G or 4G data. The error also took down Giffgaff, Sky's mobile services, Lycamobile and Tesco Mobile, which all rely on [...]
TfL and Crossrail to pay £15m to Canary Wharf Group if Elizabeth Line station is not complete by 2021 December 6, 2018 Transport for London (TfL) and Crossrail could have to fork out £15m to the Canary Wharf Group if its new Elizabeth Line station is not complete by 2021, City A.M. can reveal. An email from outgoing Crossrail chief executive Simon Wright, seen by City A.M., reveals that TfL and Crossrail will have to pay the sum each year if the station [...]
Sadiq Khan slams Westminster Council for pulling out of £80m TfL Oxford Street redevelopment plans December 6, 2018 Sadiq Khan has slashed £80m of funding from Westminster City Council (WCC) for redeveloping Oxford Street, after finding out the council had ditched joint plans with Transport for London for the project in favour of its own £150m proposal. In a letter seen by City A.M., addressed to council leader Nickie Allen, the mayor of [...]
Sadiq Khan hits back at Terry Morgan over Crossrail comments December 3, 2018 Sadiq Khan has hit back at Crossrail chairman Terry Morgan over comments he made about what the mayor knew about the project’s delay. The soon-to-be-sacked Morgan told the BBC earlier today that he was in “absolutely no doubt” that Khan was told on 26 July that it was no longer feasible to deliver Crossrail, also known [...]
Rail regulator fines TfL and Balfour Beatty over £400,000 for injury of rail worker December 3, 2018 The rail regulator has fined London Underground and Balfour Beatty more than £400,000 for breaking health and safety laws that led to a worker suffering life-changing injuries. London Underground was fined £100,000 while construction giant Balfour Beatty was hit with a £333,000 fine. Both bodies pleaded guilty to breaking the laws, which resulted in worker [...]
Crossrail chairman Terry Morgan ‘in no doubt’ that Sadiq Khan was told about project delay in July December 3, 2018 The soon-to-be sacked HS2 chairman Terry Morgan has insisted he told Sadiq Khan that the £15.4bn Elizabeth Line was not going to open on time at least a month before the London mayor said he knew about the delay. Morgan, who has led the Crossrail project for a decade, told the BBC that he was in "absolutely no [...]