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‘New developer funding model for capital unviable’ – study

FUNDING

Andrew Forster
16 February 2018
London Councils says a study has concluded that the Development Rights Auction Model is unsuitable for London
London Councils says a study has concluded that the Development Rights Auction Model is unsuitable for London

 

A new form of developer funding for transport infrastructure looks unlikely to be applied in London because a feasibility study has concluded it is unviable for the capital.

The Treasury announced last spring the formation of a task force to explore the use of a Development Rights Auction Model (DRAM) for funding major infrastructure in London (LTT17 Mar 17). The task force included representatives from Government, the Greater London Authority, Transport for London, and borough association...

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