Lord Adonis calls for £160m Crossrail 2 development funding

Aaron Morby 5 months 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
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

Workers sent home from Cardy Construction sites

£63m turnover Kent contractor files notice of intent to appoint administrator
5 mins ago

Student digs giant Unite commits to £675m pipeline

Student accommodation construction boom continues as Unite eyes London market for bargains
4 hours ago

US investor snaps up Morrison Utility Services

£600m turnover contractor bought by investor First Reserve
3 hours ago

Lindner wins £25.4m cladding package at Principal Place

Facade work to start on 50-storey resi tower in City of London next year
4 hours ago

Go-ahead for Portsmouth prison-to-homes job

Developer City & Country to create 230 homes at HMP Kingston site
4 hours ago

£60m expansion plan for Manchester biomedical hub

Construction to start next Spring on latest phase of Citylabs scheme
5 hours ago

Labourer crushed under three tonne road roller

Machine slides down steep bank and pins worker beneath it
3 hours ago

Arup to work on 21-storey resi tower made of wood

Construction to start next year on world's tallest wooden resi tower in Amsterdam
4 hours ago

CITB to fund “Robots for Roofing” research

Drone flying programme one of beneficiaries of latest CITB funding round
21 hours ago

Lakehouse founder Steve Rawlings dies

Construction entrepreneur dies after short illness
1 day ago

Voting starts for the best companies in construction

Vote now for your favourite contractors, clients and suppliers
1 day ago

Shareholder moves to oust Speedy chairman

Major shareholder calls for former Crest Nicholson chairman to be parachuted in
1 day ago

BAM beefs-up site security after daredevil climbs tower crane

Urban explorers target £29m school site in Barrhead
1 day ago

Gatwick names 17 contractors on £1.2bn frameworks

Full list of winners from 127 companies who entered the tender race
4 days ago

Firms on alert for £700m South Wales Metro prequal

Transport for Wales gears up for early contractor involvement framework race
1 day ago

John Graham group revenue breaks £500m barrier

Contracting arm trebles profit as margins return to 1.8%
1 day ago

Bidders day for new £300m Surrey and Sussex framework

Plan for new Orbis framework to be outlined in September
1 day ago

ISG bags £13m Manchester Corn Exchange project

Work to start in August converting iconic grade II listed building into a hotel
1 day ago

Contractors hit by concrete block shortages

Supplies drying up as manufacturers prioritise regular construction customers
4 days ago

Building boss jailed for conning pensioner out of £150k

Contractor sentenced to three years for massively overcharging 87-year-old
4 days ago

Skanska shrugs off Brexit fears

Contractor taking a "measured and calm" approach amid post referendum uncertainty
4 days ago

D-Day for Hinkley construction next week

Contractors hoping for good news as a final decision set to be made on £24.5bn nuclear scheme
4 days ago

Vantage Design and Build collapse dents Inland Homes profit

House builder to "self deliver" homes rather than rely on contractors
4 days ago

Mears boss Bob Holt to help turnaround Lakehouse

Contractor offers rival chairman millions to lead recovery
4 days ago

H&V workers land 4.5% pay rise over next two years

"Robust" negotiations see pay deal "appropriate in the current economic climate"
4 days ago

Contractor fined £120,000 after worker sprains ankles

Builder falls 4.5 metres down service riser shaft on refurb site
4 days ago

Dunne bosses blame collapse on bankers

Insider reveals final hours of failed concrete specialist
6 days ago

Chinese construction giant to invest £1bn in Sheffield

First tranche of £220m to fund construction schemes over the next three years
5 days ago

Balfour urges Tories to borrow more to fund infrastructure

Contractor wants Government to make up any investment shortfall in wake of Brexit
5 days ago

Breedon plans post Brexit buying spree

Aggregates firm looking at more acquisitions as Hope deal completes
5 days ago