The first phase of a £1.5billion development is expected to be given the green light at a cabinet meeting tonight.

Enfield Borough Council chiefs will decide on the development of the ‘Meridian Boulevard’, which is set to be the backbone of the council’s Meridian Water project.

The boulevard will link the eastern and western parts of the scheme and 2,700 homes will be built in the first phase of development.

The plans also state that the causeway will be completed with segregated routes for cyclists and pedestrians.

Cabinet member for housing and estate renewal, Cllr Ahmet Oykener, said: “Meridian Water is ready for take-off and if we decide to proceed on Wednesday we will be forging ahead with a truly landmark scheme that will transform north London and create a vibrant waterside community in a unrivalled setting.”

Once completed, Meridian Water will create up to 8,420 new homes, 3,000 new jobs, public transport links and infrastructure including schools, shops and a police station.

The causeway is hoped to be a “high quality tree lined corridor” and the local authority intends to seek £14million from the government to fund the boulevard.

Cllr Robert Hayward, shadow cabinet member for regeneration said: "We urge Enfield Council not to throw away the opportunity of Meridian Water becoming a housing zone and to work with the GLA so that the bid they have submitted is successful so that Meridian Water can become a reality and deliver the homes we so desperately need."

If agreed it is hoped that construction work will start in April next year.