Enfield Council’s £6bn Meridian Water scheme secures government funding
August 21, 2019 – The Enfield Council’s flagship £6bn Meridian Water regeneration scheme in north London has secured £156m in funding from the UK Government.
The financing from the Government’s Housing Infrastructure Fund will be used for the construction of a new road transport infrastructure, environmental improvements and a high frequency rail service to Meridian Water Station by 2023.
Work involves the construction of an east-west boulevard from the Meridian Water Station through the middle of the site into the Lee Valley Park and beyond.
It also involves the creation of two new parks, cycle lanes, naturalised brooks, and additional bridge connections as well as the construction of a fourth platform, a new section of track between Tottenham Hale and Meridian Water.
Enfield Council leader Nesil Caliskan said: “Enfield Council has invested more than £250million of its own money to drive this project forward. Meridian Water is now not only back on track but is gathering pace with delivery being accelerated, a new Meridian Water station open and massive infrastructure improvements on the way.
“Since taking back control of Meridian Water 12 months ago, having been unwilling to hand over all the land to one master developer in a deal which would not have been in the best interests of local people, we are ensuring our residents will be the principal beneficiaries.
“This scheme is about providing thousands of new affordable homes and quality jobs in Enfield as well as new schools, community and health services, nurseries, shops and youth and leisure facilities.
“Meridian Water already benefits from a fantastic waterside and parkland setting. This funding will allow us to forge ahead with providing improved infrastructure, including a more frequent train service, which is needed to support this incredible development and deliver real benefits to our residents for years to come.”
The planning application has already been submitted by the Enfield Council for part of the infrastructure works which include the central spine road, parks, bridges, cycle lanes, flood works & remediation.
Earlier, Galliford Try was selected to deliver phase 1 of Meridian Water. Work involves construction of 725 new homes.