But can our creaking capital cope? I have already raised my concerns about London's ill-equipped infrastructure with the relevant authorities ahead of this summer's Euro 96 football festival.
The proposed huge new developments will bring much-needed inward investment but will local residents be consulted, will the environment get a look in and will the welcome employment opportunities be simply Mickey Mouse jobs? Let's learn some lessons from other European capitals and begin with a proper strategic authority to take London into the 21st century.
MEP for London NW (Lab)