Three new Thames crossings
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Rumours are that London Mayor Ken Livingstone is planning three new Thames crossings in East London.  The idea is to build two new toll-bridges and one new tunnel:

A lift-bridge for local traffic at Silvertown, near the Dome.
A tunnel for either a rail link between north Kent and north London or an extension of the Docklands Light Railway at Woolwich.
A bridge at Thames Gateway to carry a dual carriageway linking two main roads north and south of the river.

Livingstone will have to raise around £1 billion for the new crossings.  He would do this presumably  using a public private partnership as is planned for the London Undergound.   

The tolls would be used to pay back investors but may not be enough on their own.  Apparently he is also planning to use existing toll revenues from the Dartford crossing and a new toll on the Blackwall tunnel to get things started.  

The mayor has already appointed the investment bank Bear Stearns to generate interest amongst investors, but is said to be delaying any final decision until the future of London Underground funding is resolved once and for all.

 

iGreen opinion

If the economics work out and the bridges can be built without taxpayer subsidy, go for it.  

Jim Thornton 24 May 2004

 

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Last modified: March 25, 2006