Boris Johnson announces consultation on proposed London infrastructure fund
Boris Johnson has announced the release of a public consultation on a proposed long term infrastructure plan for London (the “2050 Plan”), designed to compliment the Mayor’s shorter term plan for London, the 2020 Vision.
The 2050 Plan sets out the Mayor’s department’s projected growth estimates for greater London until 2050 and uses these to align proposals for the timing, locations, quantity and costs of infrastructure projects to be undertaken across the capital in the short, medium and long term. Key to the proposals are increased development of east London along with continuing investment in and pursuit of travel projects such as Crossrail 2, new river crossings, bike paths and the south London metro.
The consultation proposes that the 2050 Plan is supported by the set up of an Infrastructure Delivery Board bringing together experts from public and private enterprise and that that the key elements of the plan are backed up by statutory recognition of the growth estimates for London and the projections of the infrastructure required to meet this.
The 2050 Plan also clearly outlines the need for the combined involvement of and investment from both private and public sector in financing, organising and undertaking the range of works projected to be required, citing the benefit to the tax payer seeking private funding as well as the boost to the economy from the increased volumes of incountry work both skilled and unskilled.
Key Facts and Figures
- The plan was launched on 30 July 2050 and the deadline for responses to the consultation is 31 October 2014.
- Responses are encouraged on the form provided within the consultation document, answering 24 specific questions following issues identified within the plan, however open responses are also invited.
- The 2050 Plan projects
- London’s population to reach 10 million by the early 2030’s and 11 million before 2050;
- 50% increased demand for transport and 20% increased demand for energy by 2040;
- water demand exceeding supply by 21% by 2040;
- the need for approximately 50,000 new homes being built a year;
- the need for around 600 educational establishments to be built by 2050.
- Spending on infrastructure between 2016 – 2050 as required to meet the plan’s projections is estimated at £1.3 trillion*, with about £200billion* of that being spending on transport.
- The Plan 2050 includes the use of new and developing technologies to increase efficiency in utilities and waste projects, including water treatment facilities, flood management works and retrofitting of energy efficiency solutions into existing preemies.
- Green infrastructure projects are supported and the plan intends to preserve greenbelt land and maintain livings standards by securing 9000 hectares of accessible green space. The 2050 Plan also champions the adoption of a dedicated task force to manage integration and investigation of sustainable development options with wider infrastructure works.