Final approval for £560m Bank station overhaul

Transport secretary Patrick McLoughlin has given final approval to the £560m overhaul of London’s Bank underground station.

Spanish contractor Dragados is lined up to carry out the work for Transport for London - which will reconfigure the station to provide 40% more capacity.

The works include delivering a new railway tunnel and platform for the Northern line, a new station entrance in Cannon Street, providing step-free access to Northern line and DLR platforms, three new lifts and 12 new escalators.

Bank is the third busiest station on the Tube network and is used by over 52 million passengers per year.

The station will remain open to customers throughout the work. TfL will ensure the majority of construction work takes place below ground to minimise construction impact on the historically significant site, which is bordered by 31 listed buildings.

Mayor of London, Boris Johnson, said: “Bank is a vital interchange for passengers and it is crucial that the station is able to keep up with the increasing demand placed on it. These exciting plans will completely transform the station, making it more accessible and much easier for everyone to use.”