North West London has won close to £1bn in transport and carbon reduction cash as part of the £4.5bn Brent Cross Cricklewood regeneration scheme.
The £964M cash injection comes from a consortium led by the Brent Cross shopping centre owner, Hammerson, with Standard Life and Brookfield.
The cash comprises £515.5M for new transport infrastructure and a rail-linked waste handling depot, £189M for new environmental measures, £112M for remediation and waste disposal, £109M for “community and social infrastructure”, and £38.5M for public and green spaces.
The £515M includes £200M for road improvements with £50M to improve the Staples Corner interchange between the North Circular and the M1. There is also money for a new train station on the Midland Main Line and new bridges.
The package will be delivered over some 20 years and will create 27,000 new jobs.