Some of the UK’s biggest building firms have agreed to join forces with Mayor Boris Johnson to deliver a major programme of investment in London’s infrastructure over the next half century.   

The capital is set to exceed its record level of population within a matter of months and the Mayor is already consulting on a plan that outlines the huge amount of new infrastructure required to allow the capital to cope with a population that is forecast to increase by 37 per cent to more than 11 million people by 2050.

The agenda for the inaugural meeting will focus on identifying potential barriers to the delivery of new infrastructure and how board members might work together to overcome them.

It will be the first time that representatives of all the main infrastructure providers in London have sat down in one room with a brief of supporting a long term plan for investment in the capital.

The Mayor of London, Boris Johnson, said:“London is growing at an incredible rate and we need to deliver a huge investment in new homes, schools, water, energy and transport facilities to be able to protect the standard of living that Londoners expect.

“Our infrastructure delivery board is absolutely key to that work and I am delighted at the many talents it contains. Our board members all play vital roles in the everyday life of our city and will all have a part to play in helping London remain the greatest city in the world.”

The London Infrastructure plan being consulted on by the Mayor builds on his campaign for greater fiscal devolution to London and the UK’s other major cities.

Devolving locally-raised taxes to cities would allow investment in much-needed local infrastructure and potentially boost the whole of the UK’s economy.