Responding to the launch of the Government’s long-term infrastructure pipeline, John Kavanagh, Programme Director for Infrastructure at BusinessLDN, said:
“The Government’s new long-term infrastructure pipeline will help give the private sector greater certainty to invest in UK infrastructure and build up the supply chain capacity required for major programme delivery.
“What London now needs is for the Government to work with business to explore how innovative funding approaches can help to deliver the projects that are key to London and the UK’s growth, including the Docklands Light Railway extension to Thamesmead and the Bakerloo line upgrade and extension, to keep the city moving and unlock urgently needed homes.
“This should include exploring innovative approaches to capturing the increase in land value that they enable to drive growth.”