Request ID: FOI-1356-2122 Date published: 12 October 2021
You asked
I am writing to you under the Freedom of Information Act 2000 to request the following information from yourselves. Please may you provide me with:
A complete breakdown of the funding for the Northern Line extension into Battersea Power Station and Nine Elms.
Please also include the breakdown of how the loan is being repaid including contributions from private developers.
Please detail exactly which private developers have contributed financially to the Northern Rail extension with a breakdown of which organisations contributed what.
If it is not possible to provide the information requested due to the information exceeding the cost of compliance limits identified in Section 12, please provide advice and assistance, under the Section 16 obligations of the Act, as to how I can refine my request.
If you can identify any ways that my request could be refined I would be grateful for any further advice and assistance.
If you have any queries please don’t hesitate to contact me via email and I will be very happy to clarify what I am asking for and discuss the request. My details are outlined below.
Thank you for your time and I look forward to your response.
We answered
TfL Ref: FOI-1356-2122
Thank you for your request received by Transport for London (TfL) on 17th September 2021 asking for information about the Northern Line Extension.
Your request has been considered in accordance with the requirements of the Freedom of Information Act and our information access policy.
Specifically you asked:
“Please may you provide me with: A complete breakdown of the funding for the Northern Line extension into Battersea Power Station and Nine Elms. Please also include the breakdown of how the loan is being repaid including contributions from private developers. Please detail exactly which private developers have contributed financially to the Northern Rail extension with a breakdown of which organisations contributed what.” The Northern Line Extension is a £1.1bn project. The Mayor of London is borrowing £1bn, including a loan from the European Investment Bank, for the NLE and providing the funding to TfL as grant. TfL holds the cost risk on cost above £1bn. GLA borrowing will be repaid via a combination of retained commercial property tax (retained business rates) generated from sites in the Vauxhall Nine Elms Battersea Opportunity Area over 25years and funding from LB Lambeth and LB Wandsworth, which comes from developer contributions.
Retention of business rates was made possible by the creation of an Enterprise Zone in the Nine Elms area (Designated Area) in April 2016.
Developer contributions are in the form of borough community infrastructure levy receipts and section 106 payments. Battersea Power Station is contributing c£200m (2012/13 prices). The rest of the boroughs’ contribution (LB Lambeth and LB Wandsworth) is £66.3m (2012/13 prices) and comes from various new developments that are being built in the Nine Elms area.
Both retained business rates and developer contributions are paid back directly to the GLA from the London Boroughs of Lambeth and Wandsworth.
If this is not the information you are looking for please do not hesitate to contact me.
Please see the attached information sheet for details of your right to appeal as well as information on copyright and what to do if you would like to re-use any of the information we have disclosed.
Yours sincerely,
David Wells FOI Case Officer FOI Case Management Team General Counsel Transport for London
