29 November 2011

Growing London's economy

By Boris Johnson, Mayor of London

I wanted to tell you about the new investment in London that we have secured from the Government. It is investment that will help grow London's economy.

Over the last three and a half years, my administration has been dedicated to putting more police on the streets and cutting crime; keeping council tax low; investing in transport and making the Olympics a success.

But perhaps our most important challenge of all has been to see London through these tough times and return to growth. It's why I am running again - to keep the investment flowing and London moving in the right direction.

Today, I am pleased to say that we have secured a raft of extra investment from the Government that will initiate more spades in the ground leading to more jobs - not just through the initial construction but through the new businesses that will be attracted to the city as a result.

So what does this mean in practice?

It means the scheme to improve junctions 23 to 27 of the M25 will be accelerated.

It means the M25 will be widened from junctions 16-23 and 27-30.

It means we will be able to extend the Northern Line to Battersea, which will create two new tube stations and potentially create up to 25,000 jobs in the area.

It means we can look seriously at an additional river crossing in Silvertown to relieve congestion at the Blackwall Tunnel.

It means a new Dartford crossing to ease congestion for vehicles going into the capital.

It means providing £80 million to provide 130 new carriages for train services in south London.

It means a share of the £600 million fund that will create an estimated 100 additional Free Schools nationwide over the next few years and a share of the additional £600 million for new school places.
And it means that we will not have to raise fares as much as we thought.

We've made a lot of progress over the past three and a half years. But there is more to do to grow London's economy.

Help me keep taking London in the right direction by supporting our campaign.

You can find out more about my record here: www.backboris2012/achievements

And you can spread the word about our achievements by joining my online campaign via Twitter: @BackBoris2012 and Facebook: www.facebook.com/borisjohnson

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