Government 拢200m infrastructure loan paves way for massive 3,500-home Canary Wharf extension
Work is set to start on the 4.9 million sq ft extension to Canary Wharf known as Wood Wharf, after the government agreed a 拢200m infrastructure loan for the scheme.
The Wood Wharf scheme will include more than 3,500 homes, including 600 affordable units, as well as 2.8 million sq ft of lower-rise offices, shops and community facilities.
The scheme, which has been planned for over a decade, has received a 拢200m loan from the government鈥檚 拢1bn Large Sites Infrastructure Fund to improve road and pedestrian access and create a network of parks and public squares.
Andy Rose, chief executive at the Homes and Communities Agency, said: 鈥淭he 拢200m contribution to this project will accelerate the infrastructure needed to boost this vital centre for business activity by unlocking land to establish Canary Wharf as a residential location, building the homes that London needs to supply viable housing developments.鈥�
The Wood Wharf proposals have already received planning permission, so work will be able to start within months.
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