Lord Adonis calls for £160m Crossrail 2 development funding

Aaron Morby 8 years ago
Share

National infrastructure commissioner Lord Adonis has backed Crossrail 2 and called for the immediate release of fresh funding to develop the scheme.

Lord Adonis calls for development funds to be released now to get Crossrail 2 moving
Lord Adonis calls for development funds to be released now to get Crossrail 2 moving

In an influential report published today he urges the Government to take Crossrail 2 forward as a project of “national significance”.

His Transport for a World City report calls for vital funding to be made available now to develop the scheme fully with the aim of submitting a hybrid bill by autumn 2019. This would enable Crossrail 2 to open in 2033.

“Sufficient development funds should be released in order for Transport for London and Department for Transport to submit a revised business case for Crossrail 2 by March 2017 with the aim to introduce a hybrid bill by autumn 2019,” said Lord Adonis.

“The revised business case should include developed plans on costs, funding, housing and stations. TfL estimates the overall development cost at £160m, to which TfL should be expected to make a reasonable contribution.”

He warned: “By 2030 London is likely to reach megacity status, with a population exceeding ten million. Even allowing for planned investment much of its transport network will be under severe pressure, and there is already an acute housing shortage.

“Faced with these challenges, a second Crossrail line, running south-west to north-east, is a priority for London and its region.”

He also added that Crossrail 2 should be viewed as an investment of national significance, because of its impact beyond Greater London and its importance in relieving nationally important rail terminal and interchange stations, especially Waterloo, Clapham Junction, Victoria, Euston, Kings Cross and St Pancras.

His report to Government says that Crossrail 2 would offer significant opportunities to provide part of the transport links needed to facilitate the building  of up to 200,000 homes.

Transport for a World City – report recommendations

Key steps to progress Crossrail 2

    • Identify proposals to phase costs and increase affordability – one option would be to delay the north-western branch to New Southgate, which could reduce costs of the initial scheme in the 2020s by around £4 billion.
    • Deliver a funding plan in which London contributes its fair share to the project – more than half the total for the scheme.
    • Develop a strategy to maximise private sector involvement in the development and funding of stations and their surrounding areas.
    • Develop a strategy to ensure the construction of at least 200,000 homes along the route.

He also called for greater involvement of local authorities and the private sector during the planning process to maximise private sector involvement in raising funding from development around stations and their surrounding areas.

“There is no good reason to delay. Crossrail 2 will help keep London moving, create hundreds of thousands of homes and fire regeneration across the city form North-East to South-West. We should get on with it right away, and have the line open by 2033,” he added.

Latest news

Police ban mobile cranes from roads over Easter

Plant hire bosses livid as forces across the country extend abnormal load embargoes
19 hours ago

Director jailed for exposing workers to asbestos

Ten tonnes of asbestos insulating board stripped out by unqualified workers
23 hours ago

Site labour rates start rising again

Industry's biggest payroll firm says "it feels like things could be turning round"
1 day ago

Council finds extra £33m for Buckinghamshire link road

South East Aylesbury Link Road costs soar by nearly 30% to £147m
1 day ago

Quartet win £490m North West & Central railway works deal

Skanska, Kier, Octavius Infrastructure and Story Contracting bag major projects deal
1 day ago

Unite Students plans first major mixed-use scheme

Developer's first mixed BTR and PBSA project to be built in Edinburgh
2 days ago

Galliford Try names new finance director

Rentokil's Kris Hampson joins contractor to replace Andrew Duxbury
1 day ago

Council boss hits out at bat threat to £274m road job

Natural England could scupper scheme due to be built by Ferrovial
1 day ago

Hydrogen-fuelled diggers to be allowed onto highways

Government to raise barrier to widespread use of hydrogen fuelled plant in construction
2 days ago

Plans in for £118m Government hub in Darlington

Work pencilled to start later this year on new home for 1,450 civil servants
2 days ago

New contractor highlights Henry Construction jobs on website

New firm lists jobs by failed contractor to show its experience
2 days ago

Contractors line up for £2.6bn Anglian Water AMP8 deal

Eight big names land places on pioneering @one Alliance
3 days ago

McAleer & Rushe bags first major later living project

Work to start this month on 167-flat Royal Tunbridge Wells project
2 days ago

Kier starts first all-electric prison houseblock job in Kent

Next-generation fully electric T60 prison houseblock to be built at HMP Elmley
2 days ago

Keepmoat sees better times ahead in housing market

Profits dip in 2023 despite construction of record number of new homes
2 days ago

Vistry signs partnership deals for 1,900 mixed tenure homes

West Sussex former airfield and Newmarket sites to break ground
3 days ago

Turnover at Wates tops £2bn for first time

Construction division exceeds £1bn turnover as average contract value hits record high of £48.3m
3 days ago

L&G looks to sell Cala Homes in exit from house building

Insurance giant reported to be preparing to offload 3,000 homes-a-year developer
4 days ago

Multiplex profit almost trebles as margin hits 5.5%

Revenue jumps 20% to £675m as big London scheme complete
3 days ago

TopHat puts plans to open huge Corby factory on hold

Advanced manufacturing facility was due to employ 1,000 people
3 days ago

Laing O’Rourke lands Calderdale hospital job

Enabling works to start by the end of this year at West Yorkshire site
3 days ago

Go-ahead for £475m Sunderland film and TV studios

Work to start this year on first phase Corwn Work studios
3 days ago

Willmott Dixon set for £20m Stockport Community Hub

Planning decision expected in June on Marple leisure and health clinic project
3 days ago

Police hunt for blundering dumper truck thief

Raider drove into a fence before getting stuck on a bank
3 days ago

Beattie Passive files administration notice

Passivhaus pioneer has been in business for more than ten years
4 days ago

McAlpine set for £50m space and tech centre

Northumbria Uni sign pre-con deal for new satellite research hub
4 days ago

VolkerFitzpatrick seals £34m Kent road viaduct

Work to start next year on Sturry Link Road near Canterbury
4 days ago

Eight win £600m Scottish civil engineering framework

Balfour, Farrans, Graham and Morgan Sindall win major works lot
4 days ago

Site engineer crushed to death by excavator

22-year-old victim died just months after graduating from university
6 days ago

NG Bailey fined £135,000 after hospital site death

Worker died after striking overhead beam while navigating a mobile elevating work platform
7 days ago

Contractor services