London set to get ‘new town’
London is set to get a new town that will provide 11,000 new homes and various community facilities.
The new development is part of an investment plan supported by London’s Mayor and housing association and developer L&Q.
Based on the banks of the River Thames in the Barking area, the new town project will over seven schools, various retail units, healthcare facilities and a cycling hub. The town will also be a 22 minute overground train commute from the centre of London.
The site is currently abandoned after being the home of three power stations and a landfill site up until the 1990s. It is expected the regeneration project overseen by the Barking Riverside Limited will be completed by 2021 and could play a key role in meeting the shortage of homes in the region.
“This is an incredibly exciting project for Barking and Dagenham, but also for the whole of London. As we tackle the biggest housing crisis of a generation, major developments like Barking Riverside will deliver thousands of the genuinely affordable new homes Londoners desperately need,” said London’s mayor Sadiq Khan.
He added: “As well as housing, our investment will create the new transport, education and health services needed to turn this into a thriving new community. London will be home to ten million people in the next decade. I’m working to plan for that growth and to provide genuinely affordable homes for Londoners.”