The Opening of the Silvertown Tunnel: A Rare Piece of Good News for London’s Infrastructure
After twelve years of planning and five years of construction, the long-awaited 0.9-mile Silvertown Tunnel beneath the Thames is set to open on 7 April. The tunnel will connect Silvertown in east London to the Greenwich Peninsula, providing a much-needed link for commuters and easing traffic congestion in the area.
This announcement by Transport for London (TfL) comes at a time when many road projects across the country are being scrapped due to budget constraints or opposition. The Labour government recently axed the A27 upgrade and the controversial A303 Stonehenge tunnel scheme, citing financial concerns.
Despite these setbacks, the completion of the Silvertown Tunnel is seen as a positive development. The Ā£2.2bn project has been funded by the private sector, with tolls of up to Ā£4 set to repay the costs over the next 25 years. This toll-based model has secured the future of the tunnel, ensuring its viability for years to come.
However, the reliance on private funding for major road projects raises concerns about the future of infrastructure development in the UK. Economist Matthew Brighty warns that neglecting road investments could hinder the government’s plans for economic growth.
Brighty emphasizes the importance of long-term road infrastructure projects in boosting business, productivity, and connectivity. He argues that real investment in the strategic road network is essential for unlocking economic potential and attracting investment.
Despite the government’s road investment strategy allocating significant funds for road enhancements, there have been challenges in implementation. The National Audit Office highlighted cost overruns and project delays, leading to a reevaluation of the strategy for the next five-year period.
As the government prepares for the launch of RIS3 in the coming years, the focus remains on balancing financial constraints with the need for essential infrastructure upgrades. The success of the Silvertown Tunnel serves as a reminder of the importance of strategic investments in road infrastructure for the future prosperity of the country.
