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Purchase powers for London's Olympic site are granted

The 2012 Olympic park moved one step closer to construction yesterday as the London Development Agency (LDA) won compulsory purchase powers for the east London site.
The LDA is responsible for the acquisition of the park in the Lower Lea Valley.It has so far secured 93% of the land by negotiation, but was yesterday granted a Compulsory Purchase Order (CPO) to ensure the remainder is under its ownership ready for the Olympic Delivery Authority's (ODA) target start date of July 2007.This is when the bulk of demolition and remediation work will get underway, although the flattening of an already acquired housing estate was able to start last week.ODA acting chairman Sir Roy McNulty said: 'The confirmation of the CPO means another key milestone on the project has been reached.'The LDA has done a first class job agreeing so many relocation arrangements in a sensitive and responsible way with those living and working in the area. They have secured ownership of 93% of the area to date and will continue to negotiate with landowners.'The confirmation of the CPO gives the LDA powers to acquire land needed for the Games and the long-term regeneration of the Lower Lea Valley in the event that private agreements cannot be reached for the remaining land.'In the long term, the regeneration of the area will make it possible for thousands of residents, old and new, to live and work in this area which will have been revitalised by the Games.'

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