The plan was debated yesterday at a meeting of the London Assembly’s Budget and Performance Committee.
The business plan outlines the GLA's intention to use its planning powers and significant land holdings, including a portfolio of 625 hectares of land and property, to stimulate regeneration in areas such as the Royal Docks. It also outlines the GLA's intention to create a new transport network with new transport investment in London and securing new infrastructure.
At the Committee, the Deputy Mayor for Transport submitted details of “current thinking on some of the major growth areas across London where transport improvements are needed to unlock growth”. A February 2013 table (6-page / 336KB PDF) submitted to the Committee outlined the transport issues that need to be addressed, opportunities for new transport infrastructure and the mitigation that will be required. It identified the principal locations where new investment in transport will be required to stimulate regeneration.
The plan has not been finalised but will inform the allocation of a £300m budget where private investment does not meet the requirements for new infrastructure.
