Southwark council and TfL agree roundabout revamp that was holding up regeneration improvements
Transport for London (TfL) and Southwark council have agreed a deal to fund the redevelopment of the Elephant and Castle roundabout, which had been holding up infrastructure improvement of Europe's largest regeneration scheme.
TfL will put £1.8m towards fitting a T-junction that improves the experience for pedestrians and cyclists, with the council stumping up £600,000. Pedestrian subways are also to be removed.
The council and TfL had previously said the decision was awaiting the publication of a joint transport infrastructure study, due to be published in the summer.
However, an agreement between development partner Lend Lease is still in the balance. Reports suggest that the signing, which will govern the future of the Heygate Estate and shopping centre sites, will take place after the transport study has come out.
Works on the roundabout are set to begin and end next year.