London mayor Sadiq Khan has suggested that he is quietly confident that revised funding for Crossrail 2 will be approved despite the “onerous” challenge set by government to meet half the capital costs during construction.
Khan has said that he expects the plans to deliver half of the £31bn project’s costs during construction to be agreed in the upcoming Autumn Budget this month.
According to Khan, government moved the goal posts for the scheme by requiring the costs to be met this way rather than when the new rail line became operational.
Speaking to City AM, Transport for London commissioner Mike Brown said that the study by TfL has looked at what needs to be spent at each stage of construction and what funds are needed to get certain sections delivered first and pay for others later. He said that “if logic prevails” then he expects to get the green light to start the parliamentary process underway to open Crossrail 2 by the 2030s.
A DfT spokesperson said: “We need to ensure the public gets an affordable scheme that is fair to the UK taxpayer, and this includes developing and agreeing a funding package which works for both London and the rest of the country.
“A thorough analysis of the business case and TfL’s updated funding plan is being carried out by the department to ensure Crossrail 2 is a robust scheme, as with all transport proposals.”