NAO: Thames Gateway has no proper budget

The National Audit Office has delivered
stinging criticism of the Thames
the biggest regeneration project in Western Europe.

In a report, the public audit watchdog said the Thames Gateway, lacked a
strategic plan, a proper budget and a marketing strategy.

According to the report, the project is behind target and its aspirations to
create high-quality, low-carbon- footprint housing and business developments
have not been translated into clear objectives.

The 30-year programme was announced in 1995 to reverse 150 years of decline
on the north and south banks of the
Thames estuary.

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