East London Line Extension
The East London Line is currently being extended both north and south to link it into the overground rail network. When the extensions are complete in about 2007, the line will be franchised out to a private operator and operated as part of the national network rather than as a tube line, so if anyone claims the "tube" is coming to your neighbourhood, it's not strictly true...
The northern extension uses dismantled lines out of the old Broad Street station. Shoreditch Station will be closed, with the line diverted to a new station on [Shoreditch High Street]?. Then line will then travel parallel to [Kingsland Road]? with stations at [Hoxton]?, [Haggerston]? and [Dalston]?. It will then join the North London Line to serve Canonbury and Highbury & Islington, on the Victoria Line.
The southern extension consists of two small links. One will run from [Surrey Quays]? past [Millwall FC]?, with a station here at Surrey Canal Road. This branch will then follow the overground [South London Line]? calling at [Queens Rd Peckham]?, [Peckham Rye]?, [Denmark Hill]?, possibly Brixton, [Clapham High St]?, [Wandsworth Rd]? and finally Clapham Junction.
For a visual of this, see the route map.
[New Cross]? will continue to be served.
Each of the 4 southern branches will get 4 trains per hour, combining to give 16tph on the central section between Surrey Quays and Dalston. Not all trains will continue from Dalston to Highbury.