Contractors to get £1.5bn London infrastructure spending boost

Grant Prior 2 weeks ago
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The Mayor of London has announced a package of infrastructure works worth up to £1.5bn to help kickstart the capital’s economic recovery from the Covid-19 crisis.

The London Recovery Board will join forces with utility companies on the Mayor’s London Infrastructure Group to progress projects including:

  • Upgrading the gas network to improve the security of London’s gas supplies.
  • Reducing water leakage by 20% and pollution incidents by 30% by 2025.
  • Increase the resilience of the water supply network serving boroughs in north east London; the City and Canary Wharf.
  • Ensuring the electricity infrastructure is in place to support electric vehicles, using innovative planning tools to identify the best charger locations and timings.

Companies including Cadent, Scottish & Southern Electricity Networks (SSEN), SGN, UK Power Networks and Thames Water are working with City Hall and London’s local authorities to also identify new green schemes and accelerate future investment.

Once the specific projects have been identified and agreed, they will be delivered with the support of the Mayor’s recently established Infrastructure Coordination Service, to promote collaboration and minimise costly road network disruption.

Mayor of London, Sadiq Khan, said: “The effects of the Covid-19 pandemic have been devastating for our economy and we face a long road ahead, but the London Recovery Board has made great progress in working with companies to deliver infrastructure projects that will help to stimulate our economy, create green jobs and support Londoners who have been affected the most by the economic crisis.

“It is essential that infrastructure initiatives are utilised to serve all Londoners as we work to recover from this pandemic and to build back better with a fairer and greener economy.

“By working together with the major utility companies to progress and bring forward these projects, we have a valuable opportunity to improve the diversity of the sector and to help create new jobs for those who have been disproportionately impacted by Covid-19.  This will help us to ensure nobody is left behind in London’s recovery.”

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