TFL announces development push
Thu 12th November 2015, 9:40 am
Transport for London (TFL) has announced it will make enough land available to build 10,000 new homes in the coming decade.
The land is mostly located in zones one and two, and will be developed in phases to provide homes, offices and retail space.
The plans are part of TfL’s aim to raise 3.4 billion in non-fare revenues by 2023.
TfL's director of commercial development, Graeme Craig, said: "All revenue raised from the developments will be reinvested into the transport network, helping us to bear down on fares and continue to support London's economic growth and booming population."
Mayor Boris Johnson said: "TfL's plans will build on the great efforts we've already made at City Hall to ensure brownfield land that has laid empty for years is put to productive use in providing much-needed housing for Londoners. It's important that all key agencies work together to accelerate the rate of housebuilding across the capital and redevelop land and assets wherever possible to deliver more homes."