Two major arm's-length management organisations – Gateshead and Newcastle – are moving closer to the start of operations in the area, bringing in £500m of government money.
The region's market renewal pathfinder also expects to bring in public and private funding of more than £1.7bn over the next 15 years.
But John Lee, chief executive of ALMO Your Homes Newcastle, questioned whether the local economy could handle the work.
He said: "With our ALMO, the Gateshead ALMO, the pathfinder and all that's going on around the Tyne right now, you're looking at at least a couple of billion pounds' worth of construction activity.
"I'm not convinced we've got the capacity or the skills to deliver."
Source
Housing Today
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