Wednesday 30 July 2014
LCCI response on London Infrastructure consultation
Commenting on the new consultation on London's Long Term Infrastructure Plan, Colin Stanbridge, Chief Executive of London Chamber of Commerce and Industry (LCCI) said: "This plan is a much-needed assessment of London's infrastructure needs. We welcome the inclusion of specific infrastructure projects including east London river crossings and the extension of the Gospel Oak to Barking line to Barking riverside.
Ideas on paper are fine but what London businesses really need, however, is the detail on how and when these infrastructure projects will be delivered.
For businesses to be confident in London's ability to grow, leaders need to ensure that the capital has stability for investment and skills required to deliver world-class infrastructure.
That requires long term certainty on funding, not short term Treasury reviews every few years. Enhanced financial devolution to City Hall would help ensure a sound economic future for London.
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NOTES TO EDITOR:
- London Chamber of Commerce and Industry (LCCI) is the capital's largest and most representative business organisation, with members ranging in size from multi-national companies to SMEs and sole traders.
- Colin Stanbridge is available for further comment and interview.