LONDON-The UK government is set to pour euro 142.7 million ($184.2 million) into the Thames Gateway east of London.The London section of the gateway will receive around euro 54 million ($70 million) for land and property purchases, infrastructure upgrades and workspace refurbishment.

The funding is to be split between improvements and workspace refurbishment in Essex. The funding for Kent will go for community regeneration, environmental improvements, land and property acquisition and a skills center. “By integrating environmental protection into the wider development of the gateway we can ensure that it has a positive environmental image,” states Royal Society for the Protection of Birds regional director Chris Corrigan.

The London Development Agency has also secured funding to upgrade electricity provision for Dagenham Dock, while Swanscombe in Kent will be able to fund better facilities. Prescott also announced the launch of the Thames Gateway Delivery Office.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.