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It was built partly to ease the load on the main Cambridge station. These are plans for 7600 homes on that unused land, with 7000 jobs, a hotel etc.
https://www.cambridge-news.co.uk/news/cambridge-news/new-town-size-saffron-walden-14442451
https://www.cambridge.gov.uk/consul...a-action-plan-issues-and-options-consultation
The plans are to have a Cambridge South station near Addenbrookes, which will probably mean 4 tracks between there and the current Cambridge station. There is plenty of space at Cambridge if they needed to build extra platforms. Potentially there could be a new station entrance to the East.
The Cambridge South design if people were sensible about it would see the four tracks extended to (the existing) Shepreth Branch Jn. As for space at Cambridge I wouldn't hold your breath on that one. Stabling space is becoming a serious problem. Any loss of existing stabling space for extra platforms at Cambridge certainly wouldn't be welcome.