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Benefits of £700m Bank station refit slashed after Covid outbreak

As costs increase and the pandemic reduces commuting, TfL has lowered the projected benefits

Wednesday 2 June 2021 at 06:00

The gates to Bank station remained shuttered for much of the pandemic
The gates to Bank station remained shuttered for much of the pandemic Photo: Getty Images

Transport for London has cut the latest estimate of the benefits that its £700m Bank Station upgrade will have in the wake of the coronavirus pandemic.

Work on the project to increase capacity at the station by 40%, including by adding a new Northern Line tunnel, platform and circulation spaces, as well as a new entrance on Cannon Street, started back in 2015, and is due to be completed in 2022.