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Europe s largest construction project is transforming rail transport in London, supporting regeneration and cutting journey times across the city as well as having significant impact on property prices. Residential capital values are projected to increase in the areas immediately surrounding Crossrail stations. By 2015 there had already been an average 31% increase in house prices since Crossrail was announced.

The upcoming station is the driving force for major change in the area and part of a new masterplan on the waterfront. The Royal Arsenal Riverside development is a GBP1.2 billion scheme set on an 88-acre brownfield site, which will include a prominent cultural quarter with parks, retail, food and beverage outlets and a performing arts venue.

regeneration

1. Crossrail driving transformation

One of only two Crossrail stations south of the river, Woolwich Crossrail will create new direct connections to Canary Wharf, the City and the West End. When the station opens in December 2018, a train every 2.5 minutes at peak time will run in each direction terminating at Paddington in the west and Abbey Wood in the east. From December 2019 when the route is fully open, passengers will be able to take the Elizabeth line from Woolwich to Heathrow and Reading in the west and Abbey Wood and Shenfield in the east.

Crossrail from Woolwich will also significantly reduce journey times for commuters, connecting them to Canary Wharf in just 8 minutes (reduced from 18 minutes). The journey time to Liverpool Street will be cut from 34 to 14 minutes, while passengers can expect to arrive into Bond Street in 22 minutes instead of the previous 35 minutes.