London Night Metro Will Bring Billions of Pounds to the Economy

The night metro in London will bring billions of pounds to the economy: In London, the capital of England, night metro services, which will start on two lines on weekends as of Friday, August 19, are expected to contribute a total of 15 billion pounds to the country's economy in the next 5,4 years.
The 153-year-old London Underground, the world's first subway, will operate 19 hours on two lines (Central & Victoria) only on weekends from 24 August. In autumn, the night metro is planned to be expanded to a total of 5 lines (Jubilee, Northern and Piccadilly) on weekends.
The desire to strengthen the economy of the city, which is visited by approximately 18,6 million foreign tourists every year, lies behind the decision to launch London's night subway. Studies of international companies also reveal that the night metro will make a significant contribution to the economy of the city.
According to the calculations of Transport for London (TfL), which operates the railways in London, the annual contribution of the 24-hour metro operation on Fridays and Saturdays to the city's economy is at least £ 360 million. An additional £ 15 in total is expected for the London economy over the 5,4-year period.
According to the research conducted by Ernst & Young, the contribution of the night subway to the economy in London can reach 2 billion pounds per year. It is estimated that businesses, cafes, bars and restaurants that are open until late at night in London, which has a population of approximately 8,6 million, contribute approximately 2014 billion pounds to the UK economy according to the official data of 17,7. London alone accounts for 66 percent of the night economy in the UK, with a total volume of 40 billion pounds. The size of the city's night economy is expected to reach approximately 2029 billion pounds by 30.

  • Tourists will be able to shop at night

Considering these projections, the economic value of the night metro for London is also revealed. Foreign tourists visiting London every year spend an average of £ 15,6 billion. In London, if the metro line operates 24 hours a day on weekends, it will be possible for tourists to shop and spend the night.
According to the research of London-based research company Volterra, the launch of the night metro will make the city a much more attractive destination for tourism. "Foreign tourists spend 1 percent of every £ 78 from tourism in London," the company said. statement was included.
It is estimated that the total number of people working in the service sector in the UK until late at night is 720 thousand. Total employment is expected to reach approximately 2026 million in 1,6, with the night subway being operational and the licenses of businesses are updated.
The need for a night subway in London is not actually just due to the demand for entertainment. Around 101 thousand people work in health institutions, hospitals and retirement homes at night in the city. The number of people working in the transportation and transportation sector is approximately 107 thousand.
As the wage scale is higher in London, one of the most expensive metropolises in the world, night jobs are preferred especially among immigrants. According to official data, around 2004 new jobs were created in night work in London between 2006 and 109.

  • "Metro will be the driving force in increasing nighttime employment and supporting hundreds of businesses"

One of London's first Muslim Mayor Sadık Han's first acts was to fulfill his predecessor Boris Johnson's promise of the night metro. As a result of ongoing negotiations with the unions of metro workers for months, it was decided to start the night metro initially for the weekend on 19 August.
In a statement on the economic potential of the night metro, on the official website of the City of London, the Inn said, “The launch of the night metro is an extremely exciting opportunity for London. In this way, London's economy will reach its full potential at night. In addition, it will be the driving force in increasing metro night employment and supporting hundreds of businesses. " used the expressions.
John Dickie, Director of London First, made up of business representatives from London, said, “The night economy accounts for about 10 percent of London's total economy. Turning London into a city where life continues 24 hours a day will increase employment and increase welfare. " He spoke in the form.

  • 153 annual history of the London Underground

For the first time, the idea of ​​taking the trains from the underground was proposed by Charles Pearson, the lawyer of the City of London in 1845. When it is considered that the first steam train in public transport is used in 1830 in the UK, it can be said that it is a very early time for the same service to be given underground.
In the beginning, Pearson, whose thoughts reacted, succeeded in getting the subway project, which he described as "trains going through water channels," in the House of Commons in 1853. Finally, the construction of the world's first subway line began in London in March 1860. The "Metropolitan Railway" between Paddington and Farringdon Street, which made history as the world's first subway, was opened on January 10, 1863.
About 4 years later, the lines to Westminster and South Kensington, which are home to the British Parliament and ministries, were opened. Today, these lines are known as District and Circle.
At that time, it is known that metro engineers started excavations under the ground based on the "bedbugs" propagation system and formed the metro line by constantly supporting the side walls and ceilings of small and simple tunnels.
The subway line in London that reaches the "The Bank" area, which is still known as the center of global finance (today's name is Twopenny. Tube) It became operational in 1900. Metro stations, whose numbers rapidly increased in the first half of the 20th century, would have another function other than transportation. From September 1940, when the Second World War took place, to May 1945, almost all metro lines and stations were used as shelters. Today, some parts of Holborn and Aldwych stations are protected by the British Museum due to their historical importance.
By 1977, it was possible to reach all terminals of Heathrow Airport, the largest airport in London, by subway line. In 2003, the "Oyster" refill cards, which are still used in London today, began to be used. By 2007, the total number of people using the London subway in a year reached 1 billion.
Today, the London Metro, which has a total length of 402 kilometers, serves with the 270 station. With approximately 10 million pounds of advanced drilling machines, new stations are opened almost every year and the metro lines are extended according to the speed of development of the city.

Similar Ads

Be the first to comment