Crossrail gets £825m bailout as bill for railway hits £18.6bn

Crossrail - Paddington station - Feb 2020 (5)

Source: Crossrail Ltd

Work on scheme is due to finish in 2022

The government and Transport for London have finally reached a deal to finance the completion of Crossrail – with the former coughing up another £825m to get the project finished.

In November last year, the railway’s bosses said the job would need an extra £400m to £650m to get it finished taking the cost to more than £18bn.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

 

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

  • Limited access to building.co.uk
  • Breaking industry news as it happens
  • Breaking, daily and weekly e-newsletters

Get your free guest access  SIGN UP TODAY

Gated access promo

Subscribe now for unlimited access

 

Subscribe to Building today and you will benefit from:

  • Unlimited access to all stories including expert analysis and comment from industry leaders
  • Our league tables, cost models and economics data
  • Our online archive of over 10,000 articles
  • Building magazine digital editions
  • Building magazine print editions
  • Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community