Network Rail, Southwark Council and the Greater London Authority are working with architects Weston Williamson & Partners on the scheme.
Plans include a new public square in front of the station. The aim will be to make the buildings and spaces that surround the station cleaner, safer and more useful for both residents and station visitors, Network Rail said. This will add to the wider improvements already taking place at the station, including new lifts and ticket machines.
Network Rail director of planning and land services Tom Higginson said: “With improved services to Peckham Rye station now running, we’ve got the perfect opportunity to invest in the station area with Southwark Council. We, and our partners, will be listening to the people of Peckham in drawing up a plan to benefit the area and help boost existing and new business.”
Cllr Fiona Colley, Southwark Council’s cabinet member for regeneration and corporate strategy, said: "This long-awaited redevelopment has the potential to dramatically improve people's experience of visiting or doing business in Peckham town centre."
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