ICE London is today calling on the London Mayoral candidates to put continued investment in the capital’s energy, transport, waste and water systems at the centre of their agendas.
With polling day just over three months away, ICE London has produced its infrastructure manifesto stating renewed investment in this area is key to London remaining a globally competitive city.
Recent polls are close between the two leading candidates - current Conservative London mayor Boris Johnson and his Labour counterpart Ken Livingston. Transport is likely to be a key battleground with Livingstone proposing a freeze on tube fares.
ICE London’s A Manifesto for London’s Infrastructure sets out recommendations for maintaining and upgrading the capital’s infrastructure within the context of strained budgets, commitments to reduce carbon emissions and increased demand on transport, energy and water systems.
Central to achieving the required upgrades is to better use existing opportunities to raise capital at regional level and improve transport connectivity for outer areas of London.
“To maintain [London’s] status as a global hub for business and tourism, continued public investment in London’s infrastructure is crucial,” said ICE London regional director Miranda Housden. “However this must be complemented by action to attract private finance.”
ICE London’s key recommendations
- Use Tax Increment Financing (TIF), the Community Infrastructure Levy (CIL) and business rates to raise capital for infrastructure spending
- Plan for London’s transport infrastructure projects and upgrades beyond 2030
- Improve management of congestion within London such as boosting passenger communications, rebalance use of road space between transport modes, and increase coordination of road works.