Announcing a new£21m grant for stadium development costs at the planned new national football stadium at Wembley h...
Announcing a new£21m grant for stadium development costs at the planned new national football stadium at Wembley has been approved by the department for trade and industry, London mayor Ken Livingstone explained that the capital has done everything necessary to ensure that the Wembley project goes ahead.
'It's clear that the case for building the new national football stadium at Wembley has already won the day. Not only will the scheme provide us with a stadium capable of hosting major international events like the World Cup, it will also deliver a much-needed boost to what is a very deprived area.
'Everything is now in place for the new Wembley stadium to be built. Planning permission has already been granted and funding has been secured that will increase capacity at Wembley Park tube station, improve Wembley Stadium and Wembley Central stations and provide a new three-lane road that will allow traffic to get in and out of Wembley whilst major events are taking place.
'I'm also very pleased to announce today that through the LDA I'll be putting£21m into the stadium development itself.
'Football is ready and waiting for the new Wembley. All that now remains is for the details of the loan package to be finalised so that the project can proceed.