Originally, plans to build the Ladbroke Grove station in North Kensington were rejected in 2013 after detailed analysis revealed the site was not feasible.
However, the Royal Borough of Kensington and Chelsea has revisited the project at Kensal Gasworks, ensuring the scheme would unlock regeneration in the area along with a Crossrail and HS2 station scheduled to open at Old Oak in 2026.
The Mayor of London Boris Johnson has now asked for further feasibility work to be carried out on the development, which could lead to the delivery of up to 5,000 new homes and 2,000 jobs.
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The area around the proposed station has already been earmarked for regeneration.
London Mayor Boris Johnson said: "We have seen across London how Crossrail is transforming vast swathes of land and acting as a catalyst for much needed new homes and jobs.
"By looking again at the options for this station we firmly believe that it could have a similar impact, triggering a much-needed fillip for this part of the capital.
"We are now delving into the detail to see just what may be possible in North Kensington to ensure it does not miss out on the much-needed regeneration Crossrail will bring."
Council Leader Nicholas Paget-Brown added: "For a while it did seem our hopes for Portobello Crossrail had been dashed, but the Mayor, Network Rail, and we on the Council, are determined to achieve the optimum benefit from Crossrail.
"I am extremely grateful to the Mayor and to Network Rail for keeping channels open, and am delighted that it now looks as though Royal Borough residents can look forward to riding on the Elizabeth Line in the years ahead."
(LM)
