The Mayor's office says that the Northern Line extension will reduce pressure on Vauxhall station and existing Northern Line services, in addition to boosting the area's economy.
It is expected that work on the line could begin by 2015, with services in operation by 2020.
A consultation on the plans is already underway.
More top news
The Hammers moved to the Olympic Stadium in May leaving their old site to be developed for housing.
The first officer shouted "look!" as the drone passed next to the right wing at around 11,000ft above south-east London.
They found a sheepish looking ewe with a traffic cone on her head in the middle of a field.