The City of London has granted approval for an experimental safety scheme for Bank junction, due to start in April 2017. This scheme will improve the safety of road users and pedestrians at one of London’s busiest junctions, with the aim of substantially reducing casualties in this area. The safety scheme was agreed at the latest Policy and Resources Committee by a vote of 22:1. Servicing and delivery arrangements are being addressed in consultation with businesses. The scheme will mean limiting vehicle journeys through the junction, Monday to Friday, between the hours of 7am and 7pm. It will last up to 18 months and mean only cyclists and buses pass through the junction during the restricted time period.
How the scheme may affect you
The City of London has worked closely with TfL to ensure that the surrounding roads are not adversely impacted by the re-modelled junction and that taxis are well supported in continuing to trade effectively in the City. The City Corporation has been engaging with taxi trade representatives on the changes, and will amongst other things be providing new taxi ranks and extending existing ones, to assist taxi drivers and customers. There will be no impact for those who travel with accessibility issues. Vehicles will be able to drop off people near the junction, just as they can do at the moment with the existing road barriers. Currently, 75% of collisions occur at Bank between 7am and 7pm and City Corporation estimates show that the experimental safety scheme could mean a reduction in casualties of between 50-60% per year.
The objective of the scheme is to deliver a safer area, reduce casualties and improve air quality at the junction. Careful analysis of traffic modelling data has also shown that vehicle journey times in the vicinity will also be improved or at the very least maintained. The scheme will also help to transform Bank junction into a place that people can enjoy – rather than simply pass though. The Bank of England, the Mansion House, Royal Exchange and One Poultry are historic buildings which are part of the iconic Square Mile, but too often people want to get through Bank as quickly as possible because it is so busy and full of traffic.