From the web site of Regeneration and Renewal
http://www.regen.net/news/ByDiscipline/Transport/1025853/Villiers-rules-7m-contribution-new-Lewisham-station/
The Department for Transport has ruled out providing a £7 million contribution towards the costs of building a new London Overground station in south London considered key to a proposed 2,000 home development around Millwall's New Den football ground.
In a letter to Labour London Assembly transport spokeswoman Val Shawcross, seen by Regeneration & Renewal, transport minister Theresa Villiers said that the DfT would not provide funding for the proposed Surrey Canal Road station in Lewisham.http://www.regen.net/news/ByDiscipline/Transport/1025853/Villiers-rules-7m-contribution-new-Lewisham-station/
The Department for Transport has ruled out providing a £7 million contribution towards the costs of building a new London Overground station in south London considered key to a proposed 2,000 home development around Millwall's New Den football ground.
Villiers wrote: "Given the current financial restrictions under which the department is operating, the remaining uncertainty regarding the redevelopment of the area and the relatively weak business case for the scheme even with the development in place, I have concluded that we cannot provide the £7 million support required to build this new station."
The station would have been built on the second phase of the East London Line, which is intended run from south of Surrey Quays to Clapham Junction from 2012.
The station is considered crucial to a 12.1ha development proposed by developer Renewal, which in July unveiled plans for up to 2,000 new homes, as well as new shops and public spaces. But Renewal’s director Mark Taylor has previously said that the scheme can be delivered without the station.
Alan Smith, Labour deputy mayor of Lewisham and cabinet member for regeneration, said: "We are hugely disappointed that central government has decided that the Surrey Canal area is not worthy of a contribution of funding. This shows how short-sighted and poorly thought-out savings can be, as building the station after the line is operational will lead to much higher costs.
"A station at Surrey Canal Road will make a vital contribution to regenerating the north of the borough. For these reasons we will endeavour to find a way around this major letdown, as we believe this station would provide a vital boost to investment in the New Cross area."