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Mayor’s masterplans for construction in London

The triumph of conservative heavyweight Boris Johnson in the Mayoral elections could have serious implications for construction firms operating in London.

Like his labour rival Mr Johnson pledged to build 50,000 affordable new homes over the next three years. However he plans to abandon Livingstone’s policy that half of all new builds should be affordable.

The new mayor also plans to release land owned by the GLA and £130 million from the Regional Housing Pot to launch a new housing scheme aimed at first time buyers.

The pot will also provide a further £60 million to kickstart the revamp of London’s 85,000 empty homes in a bid to cut waiting times for low-income Londoners.

Keen to establish his green credentials Mr Johnson has said he intends to pressure firms to build more environmentally friendly homes in the private sector. Boroughs will be encouraged to adopt the ‘merton rule’ for sustainable on-site energy.

Planning permission for building on green belt land will be harder to get as Johnson has pledged to use his mayoral powers to refuse applications.

The mayor also plans to put the kibosh on the controversial plans to construct a third runway at Heathrow airport.