The Government has announced funding to deliver housing and transport schemes in London.

Funding has been confirmed to help deliver an extension of London Overground to Barking Riverside, regenerate four major housing estates, support the development of the Crossrail 2 scheme and increase the use of ultra-low emission vehicles.

The Mayor of London, Boris Johnson, said the commitments made by the Government to London are big wins with the potential to make a big difference.

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He said: "This is the number one capital in the world, our population is rocketing and there is an urgent requirement for new housing and transport infrastructure. We've delivered an astonishing number of new homes, but demand shows no sign of ceasing and the schemes confirmed today will be of huge help in securing a successful future for our city."

A new rail link to London's largest regeneration scheme at Barking Riverside is another step closer to construction thanks to a £55m Government loan that will help to fund an extension of the London Overground.

Around 10,800 new homes will eventually be built on 443 acres of land released by Barking Riverside Limited, a joint venture company between the Mayor and Bellway Homes, which will support 2,500 permanent jobs.

The Mayor has also welcomed £150m of funding that the Government has earmarked for spending on regeneration work across four major housing estates in the capital.

(CD/JP)