Lord Sadiq Khan has dramatically raised hopes that international rail services to the UK will stop at a second London station.
He raised the prospect of a huge economic boost to east London from “the arrival of cross-Channel services” under a plan including a Business Rate Retention Zone in the Stratford area to help to push ahead with the landmark rail development.
The Standard understands that the Mayor is working with the Government to overcome key obstacles to international services stopping at Stratford including funding, station upgrades, as well as customs and border arrangements.
Computer generated photo by Virgin Trains of one of their trains at St Pancras International station
PA
An east London halt for international trains has so far not happened as prospective operators faced having to shoulder the entire associated investment risk.
However, Lord Khan believes there is a case for the public sector to step in, to lower these risks, given the possible wider economic benefits to east London and beyond.
So City Hall, which has been in discussion with the Government on innovative funding mechanisms, has submitted an application for a Business Rate Retention Zone (BRRZ) in the Stratford area.
A BRRZ would support delivery of the infrastructure needed to unlock the next phase of development in east London including the rail scheme.
The Mayor’s officials are meeting with train operators, authorities in Paris and commercial bodies to get backing for the plan.
London Mayor Lord Sadiq Khan
London Assembly
Speaking to The Standard, Lord Khan said: "The case for creating a Stratford International worthy of the name is clear and compelling.
“The popularity of international rail continues to grow in London, which is why my team and I have been lobbying for cross-channel rail services from Stratford for many years – and I’m hoping that our efforts are close to paying off.”
He explained further: "Over the last few months, we've been working closely with this new Government to make Stratford International truly ‘international’ for the first time and we’re now within touching distance of getting our plans over the line.
"The data shows that bringing international services to Stratford would bring in an additional £1.3bn in tourist spending for the UK.
Stratford International Station
Getty Images
“Stratford has become one of Europe’s largest and most successful regeneration projects, and I believe with the arrival of cross-Channel services, the future of East London will be even brighter still."
Sir Richard Branson at St Pancras International station
Virgin Trains/PA Wire
However, whether this happens depends on an operator deciding to run such services.
Eurostar has so far declined to have two stops in the capital.
The rail company will also explore whether its trains should stop at Ebbsfleet and Ashford in Kent.
The agreement covers the period between October 1 2030 to December 31 2040 and relates to tracks owned and run by London St Pancras High Speed.
Eurostar could soon face competition from Virgin and other rail rivals
PA
The welfare minister first raised the prospect of a Stratford halt when he was chairman of Newham planning committee in the late 1980s.