Work to transform the vital – but universally loathed – Bank Tube station will begin in the New Year after plans were given the go-ahead by Government.

The transport hub – a cramped and labyrinthine networks of tunnels and platforms – has been voted one of the most unpopular on the network and is in stark contrast to the bright and airy Jubilee line stations.

Now a £563million upgrade will increase the station’s capacity by 40%, improving accessibility and reducing interchange times when it is completed in 2021. The station will remain open during the five-year project.

Visuals from the new Bank station after upgrade works are complete

Mayor of London Boris Johnson MP said: “These plans will completely transform the station. It’s great news for the tens of thousands who use the station every day that these plans have been approved.”

Bank, in the heart of the City, is the third busiest station on the Tube network and is used by over 52million passengers per year, with demand having risen by 50% over the last 10 years as it grew as a major interchange with the DLR.

Changes will include:

  • A new railway tunnel and platform for the Northern line that will reduce interchange times and create more space for passengers.
  • Step-free access to the Northern line and DLR platforms.
  • More direct routes, with two new moving walkways.
  • Three new lifts and 12 new escalators.
  • A new station entrance in Cannon Street.

London Underground MD Nick Brown said: “This ambitious station upgrade will create a new southbound Northern line railway tunnel and platform to vastly reduce interchange times.

“A new station entrance on Cannon Street will also be constructed alongside a range of other major improvements to create more direct routes, improving accessibility for the millions of Tube customers who use Bank station each year.”

The redevelopment will complement current work to create a new entrance to the Waterloo & City line. Just metres away from Walbrook Square, the new entrance will offer two new lifts, four new escalators and a new ticket hall when it opens in late 2017.

Visuals from the new Bank station after upgrade works are complete