12:40PM Corporation announces the eight projects that will receive £4bn investment

London Thames Gateway Development Corporation has attracted £4bn of private sector investment and is to use the funds to focus on eight major projects.

Unveiling the eight projects at the Thames Gateway Forum, LTGDC chief executive Peter Andrews said the schemes would deliver "a step change in the volume of private sector investment in our two key growth areas and will go a long way to justifying the faith shown by the government in the whole Thames Gateway vision".

Projects in the Lower Lea Valley comprise:

  • redevelopment of the centre of Canning Town
  • renewal of the Bromley by Bow area
  • extension of the Lower Lea Valley Park
  • integration of new infrastructure in the Olympic Fringe area around Hackney Wick, Fish Island, Stratford and West Ham.
In London Riverside the other four projects will take place at:

  • Barking Town
  • Dagenham Dock
  • Rainham Village
  • London Riverside Conservation Park.
LTGDC has £100m to invest to March 2008, but spending for the following three years is subject to the Government's Comprehensive Spending Review, to be completed in summer 2007.

Andrews said: "Our eight key projects offer a real return on the required public investment and will ensure the conditions are created to deliver our target of 40,000 new homes and 28,000 new jobs by 2016."

More information at: www.ltgdc.org.uk

Source

QS News