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In May 1811 a Bill was passed for the construction of a new bridge to cross the Thames about a quarter of a mile west of London Bridge, and the Southwark Bridge Company was formed. The Company pushed ahead with the construction of Southwark Bridge despite opposition from the City of London and the Thames Conservatory Board, who did not consider it necessary. The bridge was begun in 1813 and opened at midnight on 24 March 1819, designed by Sir John Rennie. The bridge was not popular and was underused, despite the congestion on nearby London and Blackfriars Bridges.
In 1864 Bridge House Estates began leasing the bridge, and they purchased it in 1866 with the support of a Parliamentary Bill 'to facilitate the traffic of the metropolis by improving the communication across the River Thames'. They removed the toll charges which increased traffic, but poor access roads and the steep, narrow shape meant that the bridge was still underused. Bridge House Estates decided to rebuild the bridge and provide better service roads. Work began in 1913 but was delayed by the First World War. The present bridge was completed in 1921.