TfL takes £600m hit from Crossrail delay

By Jordan Marshall2019-03-20T13:51:00

Tottenham Court Road Crossrail Station - October-November update

Source: TfL

Transport authority is “assuming” construction costs will not grow beyond the extra funding agreed last December

The indefinite delay to Crossrail’s opening is set to cost Transport for London around £600m.

TfL has said the delay to operating the central section of Crossrail has cost it £600m in revenue.

TfL said this figure, which is quoted in its draft 2019/20 budget, was based on several assumptions and that it would be revised once there was a firmer idea of the plan for the £17.6bn project’s completion.

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