"Once Crossrail arrives in Canary Wharf it will act as the catalyst for the construction of more offices", said Boris Johnson 15 November 2008. Mayor of London Boris Johnson has paved the way for major development of the crucial financial centre of Canary Wharf. The Mayor approved three significant planning proposals for the area. They will see work begin on a major new Crossrail station, a new 27-storey hotel, and the complete redevelopment of Wood Wharf to provide thousands of square feet of new offices and shops plus nearly 1,700 new homes.
The planning applications were passed at the Mayor’s regular strategic planning meeting and underpin his commitment to do all he can to help London’s economy through the challenges that lie ahead. In particular, the Mayor believes that the construction industry must be supported in every way and new building work is critical to sustaining as well as delivering new jobs for Londoners.
Earlier today the Mayor told the London Assembly that tackling the huge economic challenges facing the capital will require action in a number of areas including keeping the big investment going into the projects that will deliver London’s long term economic recovery. He said that Crossrail, the upgrade of the tube and the Olympics will deliver 25,000 extra jobs and ensure we are competitive with other cities as we come out of the recession.
The Mayor said:
"I am determined to do everything I can to minimise the impact of the economic downturn and ensure that I use my powers to support the development sector in particular. We cannot stop building in our city and just as we will forge ahead with our huge house building programme, we must ensure the development process for all construction projects is as smooth and speedy as possible. Once Crossrail arrives in Canary Wharf it will act as the catalyst for the construction of more offices and the other facilities including new shops and more hotels, creating lasting jobs over the coming decades."