Development and transport – who pays the price?

01 July 2015

This meeting took place on 2 July 2015. Read the transcript here.

Why are transport links so important to property developers? How much should they contribute to transport schemes?

Should Transport for London (TfL) always step in when developers won’t contribute? How can it claw back some of its investment when developers benefit from rising land values?

How does TfL take into account the needs of existing local communities and what are communities concerned about?

The Growth Fund currently supports 14 projects across London, including the Overground extension from Gospel Oak to Barking, the Elephant & Castle Northern Roundabout and Vauxhall Cross. These projects are expected to create over 50,000 homes and 30,000 jobs. TfL is investing £360 million over ten years to help support transport improvement works in areas earmarked for growth. The London Assembly Regeneration Committee will tomorrow discuss these issues with the following guests:

Isabel Dedring, Deputy Mayor for Transport

Alex Williams, Director of Borough Planning, TfL

Martyn Evans, Creative Director, Cathedral Group

Dr Helena Titheridge, Senior Lecturer, University College London (UCL)

The meeting will take place on Thursday, 2 July at 2:00pm in Committee Room 5 at City Hall (The Queen’s Walk, London SE1). Media and members of the public are invited to attend. The meeting can also be viewed via webcast. Notes for Editors:

Full agenda papers.

Gareth Bacon AM, Chairman of the Regeneration Committee is available for interview. See contact details below.

London Assembly Regeneration Committee.

As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.

For media enquiries, please contact Lisa Lam on 020 7983 4067. For out of hours media enquiries, call 020 7983 4000 and ask for the London Assembly duty press officer. Non-media enquiries should be directed to the Public Liaison Unit on 020 7983 4100.