Chancellor George Osborne is expected to use next week’s budget statement to announce some government funding for preparatory work but City Hall insiders confirm TfL will be asked to make a significant contribution, with some sources suggesting the agency could be asked to fund up to £80m.
Search Results for: Crossrail 2
Ministers urged to approve Crossrail 2 – provided Londoners pay at last half of scheme’s £27bn bill
London’s proposed Crossrail 2 rail link “should be taken forward as a priority” according to the National Infrastructure Commission, the body set-up by ministers to assess the country’s longterm infrastructure needs.
Boris names interim head of Crossrail 2 delivery company
Transport for London board member Daniel Moylan has been appointed as the interim head of the new Crossrail 2 delivery company which was set up in December.
TfL to form new Crossrail 2 delivery company
Mayor Boris Johnson has announced the creation of a new subsidiary company which will oversee all future development and, subject to funding, construction of the proposed Crossrail 2 rail link.
TfL unveils new consultation on revised Crossrail 2 plans
The scheme, which could open in 2030, has the backing of all four parties currently represented at City Hall and could be worth up to £100bn to London’s economy and help deliver thousands of new homes and jobs.