"Mayor of London issues stark wake-up call on capital’s infrastructure requirements"

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"London is set to exceed its record level of population within months and risks losing its position among the world’s elite cities unless a major programme of infrastructure investment is put in place to allow the capital to continue to operate efficiently and successfully. That is the verdict of the Mayor who launched a consultation on a 2050 London Infrastructure Plan today (30 July).

"The London Infrastructure Plan 2050 is the first attempt to set out the full range of infrastructure requirements for the capital over the next half century, during which time the population of London is forecast to increase by thirty seven per cent to more than 11 million people. The Mayor wants to consult with Londoners, national Government, the wider southeast and beyond on the plan, which he describes as a wakeup call to the stark level of investment and thought that needs to be put into ensuring the capital does not falter.

"The plan builds on the Mayor’s campaign for greater fiscal devolution to cities, which has brought together London’s government and the Core Cities Group – representing Birmingham, Bristol, Leeds, Liverpool, Manchester, Newcastle, Nottingham and Sheffield - to jointly make the case for devolving locally-raised taxes to cities, allowing for investment in much-needed local infrastructure and boosting the whole of the UK’s economy. The Mayor believes that model for investment set out in the plan could also be suitable for all of these cities, and others, providing a blueprint for how they might invest in locally-decided priority infrastructure needs.

"Although London currently leads the world in the finance, commercial, cultural, scientific and media sectors the capital is in danger of being overtaken by competitors who are already strengthening their infrastructure. The Mayor argues that a clear economic rationale underpins the need for a long term infrastructure plan, as rising prosperity for all depends on increased productivity, which itself relies on good infrastructure. However, infrastructure can only be delivered, improved and maintained through planned, sustained and targeted investment."

"The Mayor of London, Boris Johnson, said:

"... Demand for public transport is forecast to increase by 50 per cent with increased demand for Underground and rail services likely to increase by 60 and 80 per cent respectively.

... Plans to improve transportation by maximising and extending Tube services. Crossrail 2 must be approved and further Crossrail projects may be required. Working with Network Rail, there is also huge opportunity to double capacity on the capital’s rail network. A series of new river crossings are needed and an inner orbital road tunnel should be built. A new four runway hub airport should be located in the Thames estuary, to the east of the capital."