John McGuigan, the scheme's director, says he is "exasperated" by the news as only 2,000 parking spaces are planned. He said: "The railway station has been a fundamental part of the scheme.
"All the rail authorities have been involved in the planning process. "We've got the money to pay for it. Everyone agrees it makes sense because we're creating 6,000 new jobs in and around the area.
"But the railway looks like it will make little or no contribution to commuter traffic unless we can get the government to put pressure on the Strategic Rail Authority to change their view.
Figures for the expected number of passengers did not support the investment in a new station and a spokesman for the SRA, Jonty Alone said: He said: "We don't think it's a justifiable use of taxpayers' money. "The council employed consultants to draw up an appraisal in terms of transport and where the demand would be and we were asked to respond. "
"It (the station) would need revenue support from a third party. That would be us and we don't think it's a justifiable use of taxpayers' money. "The city council is at liberty to explore other avenues of support but we cannot support the scheme financially."