The ongoing delays to the £15 billion Elizabeth line will have just a minor impact on Havering's regeneration schemes, according to the council.
While council leader Damian White called the hold-ups, “unfortunate”, and that “it will invariably have an impact on land prices,” he added: “I am confident our regeneration proposals will not be [badly] affected because of the ambition we have [for the borough], and the developers coming to our communities can see where we are going, rather than where we have been.
“The expectation of where we are going is driving regeneration. The new properties will not start coming on-stream until the Elizabeth line is fully opened anyway – the first will not be sold until two-to-three years’ time, so it will not adversely impact our development proposals.”
Originally planned to open at the end of 2018, the line that will connect major landmarks from east to west London from Shenfield to Reading taking in Heathrow airport and Canary Wharf, will be delayed until at least the end of 2019.
In August, it was announced the route was to open nine months after the original December 2018 launch date to allow more time for testing. In December, a £1.4 billion bailout was announced that would be used to plug a predicted £2 billion hole in the Elizabeth line’s finances.
Part of the eastern branches between Liverpool Street and Shenfield, transferred to a precursor service – TfL [Transport for London] Rail.
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