Crossrail chiefs claim stations are safe from cuts

Grant Prior 6 years ago
Share

Transport chiefs have dismissed fears that Tottenham Court Road station could be dumped as part of a cost-cutting drive on Crossrail.

tottenham court road crossrail

Officials on the £15.9bn project are currently drawing-up plans to save cash as part of the government’s austerity drive.

But budgeting options are not believed to include dropping major stations like Tottenham Court Road or Bond Street or cutting part of the route which extends to Canary Wharf.

One source said: “It hardly makes sense to build a new route but not major stations along it – where would people get on and off?

“There is already a rather large hole at Tottenham Court Road where the station works are taking place and the same goes for Canary Wharf.

“This will be more of a value engineering exercise and reports that £5bn could be cut look well wide of the mark – that is nearly a third of the project cost.”

A TfL spokesperson said: “This story is just pure speculation.

“The Mayor and TfL, alongside London’s business community, continue to make the case for investment in London’s transport infrastructure, including the delivery of Crossrail and the Tube upgrades in full, which are so vital to the future economic growth and development of London and the UK.

“The funding package for Crossrail balances the cost of construction between fare and taxpayers and private business.

“£5bn of the total £15.9bn funding package comes from Government in the form of a grant from the DfT.  Much of the funding comes from borrowing against future fare revenue and levies on business.

“Any delay to the project would actually increase costs. The DfT and TfL continue to work to deliver Crossrail with the best possible value for money.”

Latest news

Worker killed by crane on Queensferry Crossing

Tragedy in Scotland on Workers’ Memorial Day
15 hours ago

T&A Kernoghan goes into administration

Suppliers owed thousands as all staff made redundant
20 hours ago

Betting Spy: Sunderland need the win more than Stoke

It's all about desire at this stage of the season and Stoke seem in their Speedos already
7 hours ago

Balfour Beatty fights to clawback £10m on Torquay flats job

Balfour left with the bill for award-winning Abbey Sands apartments after developer collapses
21 hours ago

Network Rail hives off property firm for £1.8bn estate sale

Standalone business will speed-up decision taking and focus on land for new homes
16 hours ago

Con-woman prosecuted for using fake skills cards

West Midlands business woman caught in crackdown on fake skills cards
23 hours ago

London mayor approves £1bn Docklands resi schemes

Major tower and printworks redevelopment residential scheme approved
23 hours ago

Roofer fractures skull repairing construction company HQ

Worker plunges seven metres while installing new rooflights
22 hours ago

Galliford Try secures £30m Salford urban vision deal

Infrastructure arm bags three civils framework deals in the north east during April
22 hours ago

Civils contractors see steep fall in roads work

Government called on to turn infrastructure promises into work on the ground
22 hours ago

Construction pay talks hit stalemate

Employers and unions unable to reach a deal covering 500,000 workers
2 days ago

Failed Merseyside builder Paragon owes £2m

Firm jointly owned by Paragon MD Paul Barrow paid £15,000 in pre-pack for St Helens company
2 days ago

Leo Quinn spends nearly £0.5m on Balfour Beatty shares

Balfour Beatty chief executive more than doubles his shareholding
3 days ago

Pile of building blocks falls through site hoarding

Blocks collapse onto pavement landing contractor in court
3 days ago

Unite buys Liverpool site for 1,000-bed student digs

£70m project will be built next to Liverpool's Grand Central station
2 days ago

Hinkley Point chief hauled before MPs again over latest delay

Energy and climate change committee calls back EDF's Vincent de Rivaz
2 days ago

Galliford Try to build £15m Royal Navy survival centre

Swimming pool "dunk tanks" will train navy pilots to escape from submerged aircraft
2 days ago

Plan submitted for phase two £30m Newport office

Developer Scarborough plans new offices next to Admiral House building in the station quarter
2 days ago

Site workers offered chance to become pro footballers

Hunt begins for tradesman to play in the Football League
2 days ago

Lenders demand return on problem O’Rourke contract

Refinancing deal contains banking covenants based on final margins for legacy contract
3 days ago

Contractor services