London's Waterloo station could be completely rebuilt under a £1bn jointly funded five-year redevelopment plan being discussed by Railtrack and Stagecoach, which owns South West Trains.
Only the Grade II listed facade would be retained under plans which would see the 21 mainline platforms extended into the existing concourse area so they can take 16-carriage trains. A new concourse would have to be built above the tracks and the entire station would have to be closed for extended periods during reconstruction.
South West Trains is also rumoured to be considering the introduction of European-style double deck trains on routes into Waterloo. It is currently programmed to replace all its old slam-door trains by 2002.