London’s Mayor and UK Deputy Prime Minister will tell an international property conference that London is delivering on key infrastructure projects to support London’s bid for the 2012 Summer Olympic and Paralympic Games.
UK Deputy Prime Minister John Prescott and London’s Mayor Ken Livingstone will launch the London Stand at MIPIM in the south of France. Delegates will be told that close to 100 billion pounds worth of planned investment is set to change the face of London over the next two decades.
A new Olympic Park in the Lower Lea Valley, East London will be a significant driver of community and environmental improvements in a national priority area for regeneration.
Sebastian Coe, head of London’s 2012 bid, will tell the conference that London already has 60 per cent of venues for the 2012 Games in place.
Development projects include the completion of the Channel Tunnel Rail Link by 2007 that will deliver an Olympic Javelin Service from Kings Cross to Stratford with a train arriving every fifteen seconds in the heart of the Games in just seven minutes carrying 240,000 people an hour.
Construction of a new terminal at Heathrow Airport will be completed in 2011 with a capacity of 30 million passengers annually.
The East London Line extension, a north-south London transport link, will be completed in 2010. It will free up capacity on rail and underground links serving the Olympic Park and mover 10,000 spectators a day around the city.
A new 90,000-seat Wembley Stadium will be completed in 2006 and will be the venue for the 2012 football finals.
Stratford City, a major development of homes and office space, will provide part of the athletes’ village. It will have 4,000 new homes and office space, and create an estimated 34,000 jobs. After the Games the site will be turned into local housing.
New Olympic Games venues include an aquatics centre to be completed by 2008, and a VeloPark – a major cycling venue for the Games and beyond – to be completed by 2008.
