<P> There is a £ 5 entry fee for visitors driving to the market . The nearest London Underground station is Vauxhall on the Victoria line . Vauxhall also has a railway station, with good connections to Waterloo and Clapham Junction, and a large bus station with buses departing frequently to destinations all across London . The proposed Nine Elms tube station on the Northern line extension to Battersea will serve the market . </P> <P> The market is run by a statutory corporation, the Covent Garden Market Authority (CGMA), which reports to the Department for Environment, Food and Rural Affairs (DEFRA). Set up in 1961, the CGMA was charged with modernising and overseeing the administration of the vegetable market, then located at Covent Garden in central London, which was considered strategically important as a wholesale food and flower market . </P> <P> Construction began in 1971 on the site of the former Nine Elms Locomotive Works, and the market opened on 11 November 1974 . </P> <P> Since 1990, it has been the policy of successive governments to dispose of the market as a going concern . Following a report by PricewaterhouseCoopers in 2005, the CGMA and DEFRA agreed on a plan (known as Project Chrysalis) to reform and redevelop the market to enable it to be eventually sold . The CGMA, which had previously paid any profits as dividends to HM Treasury, was allowed to retain its profits to fund the initial planning work . On 7 January 2013, the CGMA signed a contract with Vinci and St. Modwen for the market's regeneration . Most of the redevelopment will be funded by releasing spare land to the developers to build residential properties, with the overall project worth £ 2 billion . Work is expected to start in 2015 and be complete by 2020, allowing the government to then disengage from the market . </P>

When did covent garden market move to nine elms