London Infrastructure Trust

Meeting: 
MQT on 2015-09-16
Session date: 
September 16, 2015
Reference: 
2015/2611
Question By: 
Gareth Bacon
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor
Category: 

Question

Will the Mayor support the recommendation of my recent report "Burrowing for success" and create a London Infrastructure Trust as a new model for funding large projects in the city?

Answer

Answer for London Infrastructure Trust

Answer for London Infrastructure Trust

Answered By: 
The Mayor

I am highly supportive and aware of the need to channel further institutional investment into London's infrastructure. Nevertheless, private sector financing needs stable revenue streams in place and a clear framework outlining our requirements for the future. This is exactly what I am trying to achieve with the London Infrastructure 2050 work. I have asked my officers to consider a number of projects that have a clear revenue stream in place and test potential financing mechanisms, including the recommendation of your report.