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I suspect it's partly because of the tunnelling industry needing work, but there must be other factors at play. I charitably assume that his hand was forced, but maybe he genuinely doesn't understand what a profoundly negative development this is and made the decision freely.
Good on plucky campaigners still trying to make the case:
As expected, cyclists won't be able to ride through the tunnel:
It's probably also a stalking horse for the Lower Thames Crossing.
I genuinely can’t understand why Sadiq Khan is sticking to this one—sunk cost on land purchases etc? Wasted spend up front didn’t save the “garden bridge” from cancellation.