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Livingstone gives thumbs-up for £3.5bn Stratford City bonanza

London mayor Ken Livingstone has given the green light to Arup Associates' and Fletcher Priest Architects' Stratford City, one of the largest ever projects planned for the capital.

The £3.5 billion scheme in east London will provide up to 5,000 new homes - 35 per cent of which will be affordable - and create a huge new office and retail centre in the Thames Gateway.

Stratford City will be built on a massive site of derelict rail lands around Stratford Station.

It is next to the main London Olympic Games site and would play a significant role in providing much of the athletes' accommodation if London hosts the Games in 2012.

'Stratford City will transform this area of east London into a thriving new urban community, ' Livingston said. 'It will provide a massive boost to the regeneration of the Thames Gateway, capitalising on the Channel Tunnel Rail Link to make Stratford London's gateway to Europe.'

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