Government to provide £55m to 'unlock' Barking Riverside homes

The government has announced it is to provide a £55 million loan to support the extension of the London Overground to Barking Riverside to help 'unlock the delivery of 11,000 homes'.

London Overground: extension would help deliver new homes
London Overground: extension would help deliver new homes

The National Infrastructure Plan 2014, published this morning by the Treasury, says the government would agree "a principal heads of terms agreement" for the loan of £55 million to progress work on the line extension.

London mayor Boris Johnson identified the extension as a key infrastructure priority in his London Infrastructure Plan.

The National Infrastructure Plan also says the government will undertake a review of transport provision for the Ebbsfleet area, "including Crossrail, High Speed 1, Southern and Southeastern rail services". The area has been identified by the government as the location for a new garden city.

The plan also pledges cash to progress work on the proposed Crossrail 2 infrastructure project in the capital. It says the government will provide £2 million "to support the development of a comprehensive business case produced jointly by the Department for Transport and Transport for London".

"This will be combined with a full options appraisal of all potential major transport projects in London, including an extension of the Bakerloo Line to improve connectivity in South East London", the document states.

Elsewhere, the National Infrastructure Plan says the government believes there may be "significant tidal lagoon potential in the UK" and it would "start closer discussions" with the company behind plans for an energy generating tidal lagoon in Swansea Bay to establish whether the project "is affordable and value for money for consumers". Plans for the project were submitted to the Planning Inspectorate in February.

The document also says the government will invest £141 million to support the London Legacy Development Corporation and mayor of London’s plans to build a new higher education and cultural quarter at the Queen Elizabeth Olympic Park.


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