Northern Line: Tube extension plan investment news due

Artist's impression of the revamped Battersea Power Station
Image caption Plans to build two new Tube stations at Battersea were approved by the mayor in 2010

The extension of the Northern Line to Battersea in south London is expected to be backed by the government as part of a £30bn investment plan.

It is one of several infrastructure projects thought to have been earmarked to receive funding under the programme.

Approval to build two stations on the Northern Line as part of a £5.5bn revamp of Battersea Power Station was granted by the mayor, last year.

Spending plans will be outlined in the Treasury's Autumn Statement on Tuesday.

The multi-billion-pound programme of funding is designed to get Britain's economy moving,

'Beyond repair'

Along with backing for the Northern Line extension the government is expected to consider allowing local authority borrowing against the Community Infrastructure Levy.

This would be subject to a commitment from a developer to contribute and develop the site.

It is hoped the redevelopment of Battersea Power Station, which will include shops, office space and leisure facilities, will create 25,000 jobs and the construction of 16,000 homes.

The landmark will be restored to generate green energy in the future, but its chimneys will be demolished and rebuilt, as they are "beyond repair".

The Grade II listed building opened in 1933 and generated power until 1983.

Restoration of the main power station, including rebuilding the chimneys, will be completed by 2016.

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