Crossrail to run out of funding before full line opens as cost rises again July 9, 2021 Sadiq Khan is being urged to give assurances that there will be enough money to finish Crossrail after it was revealed that it could cost a further £218m to finish the much-delayed rail project. A new report from the National Audit Office (NAO) found that the controversial new line could cost between £30m and £218m [...]
Lofty Crossrail to Heathrow fares to be capped at standard Tube rates July 6, 2021 Airport passengers using London’s Crossrail will have higher fares which could be capped at the standard rates for the Tube, according to reports. Passengers travelling to Heathrow will be charged a premium rate compared with the same journey on the tube. However, if passengers make other journeys using the Transport for London (TfL) network within [...]
Crossrail under renewed scrutiny as further delays loom June 17, 2021 London politicians have today called for more transparency over the progress of the Crossrail line after a new report into the project suggested further delays could be “difficult to avoid”. The Elizabeth line, which is now scheduled to open in the first half of 2022, has recently begun the trial running of services. But the [...]
First test trains run on Crossrail ahead of 2022 opening May 13, 2021 Initial testing on Crossrail’s Elizabeth Line has now kicked off, with four trains an hour now running on the line. It is the first phase in a series of major trials that must be completed before the much-delayed line opens in the first half of 2022. The firm also said it had handed over the [...]
City’s professional know-how matched with UK construction expertise could be a global titan February 11, 2021 Despite political enthusiasm for ‘Global Britain’, we are missing out on a sizeable slice of a $14 trillion a year worldwide construction market owing to a lack of collaboration between two otherwise successful industries – the built environment sector and financial/advisory services. The built environment and infrastructure sector is one of the unsung heroes of [...]
Crossrail failed to carry out survey work on historic Soho venue despite ‘high risk’ to punters December 16, 2020 Crossrail failed to carry out survey work on a historic cellar bar in Soho despite receiving warnings from its own contractors that weak vaults posed a “high residual risk” to punters. The report, which was carried out in 2016 by consultants WSP and has been seen by City A.M., says that the vaults in the [...]
Crossrail employs 140 drivers on £62k more than a year before line is due to open December 4, 2020 Crossrail has employed 140 drivers to operate its trains in central London, even though trial runs will not start until next year. Drivers’ union Aslef confirmed that pay for Crossrail drivers is set at £62,533 per year with a 2 per cent pay rise due to come into place next April. Transport for London (TfL) [...]
Government agrees £825m loan to finish Crossrail December 1, 2020 The government has agreed a £825m loan to finance the completion Crossrail train link, Grant Shapps today announced. Writing on Twitter, Shapps said that the loan was a “fair dal for taxpayers across the UK”. The loan takes the total cost of the project, which has been plagued by difficulties over its lifespan, to £18.6bn. [...]
Crossrail funding remains up in the air despite government commitment November 25, 2020 Questions remain over the immediate future of the Crossrail link despite the government committing to the £19bn project’s completion in today’s National Infrastructure Strategy (NIS). “The government is continuing to address capacity issues in the capital, by financing the completion of Crossrail”, the paper read. But negotiations over the funding package for the rail link [...]
Crossrail will be ‘mothballed’ without extra funding, TfL chief warns November 21, 2020 The troubled £19bn Crossrail project is at risk of being “mothballed’ unless it receives urgent additional funding, London’s transport chief has warned. Transport for London (TfL) commissioner Andy Byford this week urged the Department for Transport to provide £80m of immediate support to keep the rail link on track, Sky News reported. In a letter [...]