Savills is currently reviewing the Edmonton project's financial viability due to criticism over delays in new home delivery. Penny Halliday, director of Meridian Water, reported that while progress has been made with 268 homes completed, issues persist, including environmental hazards and budget constraints. The project, which aims to deliver 10,000 homes, has faced rising construction costs and economic challenges. Ongoing strategic infrastructure work is intended to mitigate flood risks and improve connectivity. Plans for future phases are expected to be clarified by early June following the review.
We've found radium canisters on the site, there's waste being dumped on the site, which we've had to clear off, and there's been issues with the canal wall.
The strategic infrastructure works now ongoing will help address issues of flood risk as well as building new roads, bridges, parks and utilities to improve connectivity.
Back in 2019 the council was successfully awarded 170 million. Then, with the construction costs increasing, we were unable to afford the contract [to carry out works].
It's a 25-year project, a lot has changed in the last ten years. I think you'll remember the economy was crashed and inflation sky-rocketed.
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