Funding restrictions hamper Euston redesign

摘要

HS2's ambitions for the comprehensive redevelopment of Euston station in London are being hampered by Treasury restrictions on Network Rail's ability to source development funding, Building has learned, writes Tim Clark. According to minutes of a Euston Community Round Table meeting held earlier this year and released under the Freedom of Information Act, rules affecting the lending status of Network Rail imposed last September after it returned to public ownership mean wholescale redevelopment of Euston station has become "unaffordable".