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Contractors World  - UK & Ireland
2013 Vol 3 No 4
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Construction - News & Economics

  • The investment will ensure that the full scheme and related benefits can be delivered, including the provision of a new track between Lea Bridge station and Angel Road;
  • Collectively with Angel Road Station improvements, this will support the Meridian Water development and regeneration at Northumberland Park where there are plans for an estimated 3,500 homes and 500 jobs;
  • It will also support the development of an estimated 15,700 new homes, 21,900 new jobs in the Lee Valley and up to 15,000 jobs in adjoining areas.
  • £2.5m allocated to upgrade Angel Road station and support regeneration in Enfield (bid from Enfield Borough Council):
  • Angel Road station is vital to the regeneration of Enfield and specifically to support the Meridian Water development and regeneration in the Lower Lea Valley more widely;
  • Station improvements will increase passenger capacity through an enhanced commuter rail service;
  • Estimated the scheme could unlock 2,326 jobs across over 55,000 m² of employment land and over 2500 homes;
    Station improvements will form part of wider West Anglia route upgrades.
  • £5.7m allocated for major road improvements in Bexley easing traffic flows and supporting economic growth (bid from London Borough of Bexley):
  • Support the delivery of a major infrastructure scheme to improve Queens Road junction improving traffic flows to Kent, the M25 and London easing a notorious bottleneck;
  • Roundabout will reduce congestion and improve transport access supporting economic development in the area and improving employment opportunities for local residents;
  • Scheme will support growth in Erith, Belvedere and in the Bexley Riverside Opportunity Area;
  • Estimated to support retention of 7800 jobs in Erith and Belvedere and the creation of around 1400 jobs in the same area;
  • Bexley is strategically placed in the Thames Gateway, focus of major regeneration plans;

Battersea Power Station - a prime development area in London.

Battersea Power Station - a prime development area in London.
Photo: Russ Anderson

  • £6.8m allocated for Ealing to accelerate development and improve road access ahead of Crossrail arrival (bid from Ealing Borough Council):
  • Supports Ealing Council’s plans to enable the development of land immediately adjacent to the new Crossrail station at Southall to maximise the social and economic opportunities coming from this new rail link;
  • Bid also seeks to undertake first phase of infrastructure works to facilitate housing developments in the station’s vicinity;
  • Junction improvements will be made to South Road to help attract investment into Southall Gateway and South Gasworks sites;
  • Estimated this investment will support the delivery of more than 1000 new homes and 3000 m² to 4000 m² retail space by 2019;
  • Kit Malthouse, Deputy Mayor for Business and Enterprise and co-chair of the London Enterprise Panel, said: ‘We’ve selected four ambitious projects that meet strong criteria in terms of their ability to support regeneration and create significant numbers of jobs. I am delighted to confirm this investment into infrastructure that will have a major impact for people in these areas.’

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