At mayors Question Time on Wednesday 9th June, London Assembly member, Andrew Boff will challenge Mayor Boris Johnson on why a transport project in east London budgeted at £39million will now cost £63m.
The bus interchange, to be built over the top of the new East London Line Dalston Junction station will now cost £24m more than originally planned and instead of operating as an interchange, has been reduced to the status of a stop on the No. 488 route.
Commenting, Mr Boff, who was a candidate for Hackney mayor in last months elections, said: “Sixty three million pounds is a sickening amount of money to provide a stop served by one bus route. Residents of Hackney deserve answers as to why vast amounts of public money will result in such tiny benefit.
“Allowing a £24million cost overrun is a disgraceful spiralling of cost.”
Mr Boff will be revealing that the cost of the slab has overrun enormously. The LDA anticipates that the final cost for the slab will be £62.9million – this figure is contained in LDA Investment Committee Papers from September 2009: Within this document point 2.11 and point 4.5 refer to the enormous cost overruns. It is TfL that will be footing the majority of the cost of the overrun – they will have to find an extra £21.8m (see point 2.11 in the document.)
The total cost of regenerating Dalston Junction is £153million. Click link to see document.