Crossrail’s Chairman today welcomed the Government’s decision to protect the Crossrail programme from reduction in scope or funding.
Terry Morgan Crossrail Chairman said: “We welcome today’s strong statement by the Government of its firm support for the project. Today’s decision removes any remaining doubt that Crossrail is going ahead and that it will be built in its entirety.
Crossrail is looking at engineering-led solutions and re-programming of the central tunnels construction programme to make substantial savings.
Crossrail will persevere in delivering value for money and we continue to find the most cost effective solutions to deliver this world-class affordable railway.”
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About Crossrail Crossrail will run 118 km from Maidenhead and Heathrow in the west, through new twin-bore 21 km tunnels under central London to Shenfield and Abbey Wood in the east. It will bring an additional 1.5 million people within 45 minutes commuting distance of London's key business districts.
When Crossrail opens it will increase London's rail-based transport network capacity by 10 per cent, supporting regeneration across the capital, helping to secure London's position as a world leading financial centre, and cutting journey times across the city. Crossrail will deliver substantial economic benefits for all of London and the South East. Latest economic forecasts suggest that Crossrail will add £42bn to the economy, resulting in a £17bn tax boost for the Treasury. Previous estimates were that Crossrail would deliver up to a £36bn boost to the UK economy.
Up to 14,000 people will be employed at the peak of construction in 2013/2015, with an estimated further 7000 jobs created indirectly.
Crossrail is delivered by Crossrail Limited (CRL). CRL is a wholly owned subsidiary of Transport for London. Crossrail is jointly sponsored by the Department for Transport and Transport for London.