Question to the Department for Transport:

To ask the Secretary of State for Transport, how much funding has been loaned from the public purse to Crossrail Limited; and what the (a) timescales, (b) rates of interest and (c) other terms of repayment are on those loans.

The Government has not made any direct loans to Crossrail Limited.

In December 2018, the Government approved a £2.15bn funding package whereby the Department for Transport would provide a loan of £1.3bn to the Greater London Authority (GLA) and a loan of £750m to Transport for London (TfL) to finance the remaining costs of the project. The interest and loan repayment will occur annually over the next 10 years. The terms of the repayment are commercially sensitive.