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Update: From Monday 22 May 2017, the City of London Corporation will deliver, Bank on Safety, which will provide much needed safety benefits while long-term solutions are developed and consulted on for the All Change at Bank Project.

Bank Junction does not work very well. It has heavy pedestrian use and many of the Bank station exits are located on, or close to, the main junction. This contributes to pedestrians crowding on the narrow pavements around junction. The area also has a high collision and casualty record and requires improvement.

London Underground is undertaking a large capacity upgrade of Bank station which will increase the numbers of passengers able to interchange between lines within the station as well as enter and exit. This work is expected to finish in 2021.

It is proposed that the surface level should be improved within the same time frame as the underground station upgrade. This would assist the expected increase in demand in the area over the coming years.

Change objectives

  • Reduce casualties by simplifying the junction
  • Reduce pedestrian crowding levels
  • Improve air quality
  • Improve the perception of place, as a place to spend time in rather than pass through.

The project

Analysis shows that there needs to be a change in the space and time allocated to the different modes of transport. There are 18,000 pedestrian crossing movements in the morning peak hour compared to 1,600 cyclists, 220 buses carrying 4,500 passengers and 1,400 other motor vehicle carrying approximately 1,600 passengers, crossings the junction. The majority of space and time is dedicated to vehicle crossing movements.

We looked at five broad options for change at bank junction and concluded that four of them are worth taking to the design stage. These four options for longer term change all require a reduction in the number of motor vehicles crossing the junction to achieve their objectives.

These options are:

  1. The complete closure of all six arms to motor traffic
  2. The closure of King William Street and Princess Street to motor vehicles (north/south route)
  3. The closure of Poultry and Cornhill to motor traffic (one east/west route)
  4. Reducing capacity on all six arms by 50% to investigate a shared space solution.

Our latest committee report (700KB) assesses the five broad options.

The safety scheme focuses on restricting the number of vehicles that pass across Bank Junction in the working day to significantly reduce the number of collisions that occur.

Timeline

These are the broad timescales for both the safety scheme, Bank on Safety, and the longer term proposals under All Change at Bank Project.

Bank on Safety

Implement in late spring 2017.

Long term proposals: All Change at Bank

2017

  • Delivering designs
  • Public consultation
  • Review designs following the feedback of the public consultation

2018

  • Recommend one option for detailed design work to Committee towards the end of the year
    Start detailed design work and associated approvals
  • Continue detailed design, consultation and finalisation of scheme proposals
  • Seek relevant permissions from TfL and any other necessary authority
  • Plan construction phases

2019-2020

  • Construction

Background documents

The Bank Area Strategy was adopted in May 2013. This document set out the need to modify Bank Junction to make the wider area more successful.

The 2015 Bank movement report contains an overview of the data collection exercise around Bank Junction in 2014 to better understand how the junction functions, how vehicles and people use and navigate the junction and the types of collisions that occur.

Further analysis about movements in Bank Junction were collected in 2015:

Contact us

If you have any questions on the project then please email us bankarea@cityoflondon.gov.uk or call our contact centre on 020 7606 3030.

 


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