Underground rail tunnel planned in £5bn scheme
LCRThe mayor of Liverpool City Region has revealed details of a £5bn plan to transform the city centre, which could include an underground tunnel between two major rail stations.
Steve Rotheram said the local authority were lobbying for a £2.5bn fund from the government and for the remaining half to come from other sources.
Speaking to the Liverpool Echo, he said the Central Liverpool scheme could include an underground link between Lime Street and Liverpool Central rail stations.
"It is a bit like Kings Cross and St Pancras in London, where they redesigned the whole area, that is what we want to do with the centre of Liverpool, we want to redesign it."
If the plan goes ahead, new homes, shops and public spaces will be created.
"It is about retail, about more people living in the city centre," he added.
LCRMr Rotheram hopes recent changes in how the government allocates funds across the country will improve Liverpool's chances of financing the proposed scheme.
"The changes mean you can build in social value as a factor, which really helps us," he said.
"If we get it right, we could get about half of that money from the Treasury and we will then find the rest ourselves."
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