Plans to extend the London Underground's Bakerloo Line further south from its current terminus are to be put before Southwark residents and businesses, councillors have decided.
Southwark Council is currently working up a business case for the line’s extension from Elephant & Castle to Peckham, which could potentially get Community Infrastructure Levy (CIL) funding raised from new local developments.
This week, the authority’s cabinet agreed to include the proposals in its further consultation work on its CIL scheme.
Council leader Peter John said Camberwell and Peckham were poorly served by public transport, and in particular by the Underground.
“Most residents have to travel into central London by bus or train, with long journey times,” he said.
"As the mayor of London considers his 2020 Vision and plans for major infrastructure investment in the next decade, we call on him to commit to extending the Bakerloo Line to Camberwell and Peckham in order to improve public transport for current and future residents, and to help bring jobs and growth to this part of London."
Regeneration lead Councillor Fiona Colley said the Bakerloo extension fitted CIL principles.
“The Community Infrastructure Levy income will provide the council with money to invest in local and strategic infrastructure across the borough to support growth,” she said.
Southwark Council has given the go-ahead for the compulsory purchase of Elephant and Castle shopping centre which is due to be redeveloped…