Crossrail Line: Finance

(asked on 3rd September 2020) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what recent estimate he has made of the cost of the Crossrail project; and what discussions he has had with Cabinet colleagues on allocating additional funding from the public purse to that project.


Answered by
Rachel Maclean Portrait
Rachel Maclean
This question was answered on 11th September 2020

In August 2020, Crossrail Limited announced that they will require an additional £450m in funding to finance the remaining costs of the project. This is in addition to the £400 to £650m funding they announced that they would require in November 2019. Crossrail Limited have stated that work is ongoing to finalise their cost estimates.

Crossrail Limited, a wholly owned subsidiary of Transport for London, will require a revised funding package and discussions are ongoing to ensure it remains fair to UK taxpayers with London as the primary beneficiary bearing the costs.

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