Business welcomes East London line investmentFebruary 12, 2009
Baroness Jo Valentine, Chief Executive of London First, welcomed today’s announcement. She said:
“This announcement promises residents and businesses in South East London a ‘ticket to ride’. The latest phase of the East London line will complete the rail version of London’s South Circular. It will allow passengers to skirt around the busy mainline terminus stations, connecting parts of the capital less well served by public transport. London needs to accelerate investment in its transport infrastructure, to prepare for economic recovery. This is a good start.”
Jo Valentine was responding to a joint announcement this morning from Transport Secretary Geoff Hoon, Mayor of London Boris Johnson, and Managing Director of TfL London Rail, Ian Brown about the funding of Phase Two of the East London Line Extension.
Notes to Editors
London First is a business membership organisation with a mission is to make London the best city in the world in which to do business. London First undertakes this by mobilising the experience, expertise and enthusiasm of the private sector to develop practical solutions to the challenges facing London. London First also seeks to persuade central and London government to make the investments that London needs in its infrastructure.
London First delivers its activities with the support of the capital’s major businesses in key sectors such as finance, professional services, property, ICT, creative industries, hospitality and retail. Membership also includes all of London’s universities as well as further education colleges and NHS hospital trusts. London First members represent over a quarter of London’s GDP.