Crossrail overspend on stations tops £2bn

crossrail

National Audit Office report also reveals Crossrail has spent £936m on ‘compensation events’

The expected cost of finishing seven Crossrail stations has increased by more than £2bn, a National Audit Office report has found.

The report, Completing Crossrail, revealed that the forecast cost of the main civils packages had more than doubled at Farringdon, Liverpool Street, Paddington, Bond Street, Whitechapel, Tottenham Court Road and Woolwich stations between when the contracts were awarded and December last year.

While the new station at Bond Street, which is being built by a Costain Skanska JV, has been considered the most problematic job - and is not guaranteed to open in line with the rest of the line by March 2021 - it is not the station where costs have had the most significant increase.

...

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