Lord Adonis calls for £160m Crossrail 2 development funding

Aaron Morby 2 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
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

Mitie to sell property management division

Cost cutting programme continues as another 480 jobs set to go
19 hours ago

Police to quiz 336 firms in wake of Grenfell fire

Detectives comb through millions of documents and forensically examine tower in minute detail
1 day ago

Developer buys unfinished Leeds hotel project

Unfinished GB Building hotel project to be redeveloped as student flats
19 hours ago

Profits double as Alun Griffiths revenue soars

Strong growth in rail work lifts Abergavenny contractor
19 hours ago

Robertson gets go-ahead for £23m Inverness Justice Centre

Contractor Robertson due to start work this autumn
1 day ago

Durkan to start on £110m resi scheme in Ilford

Britannia Music Site scheme will contain 30% affordable homes
20 hours ago

Galliford Try to fit-out HSBC Birmingham HQ

Galliford lands £20m+ deal at complex where it was main contractor
20 hours ago

Arcadis to develop A66 TransPennine scheme

£1.7m contract to develop A66 Northern TransPennine proposals
18 hours ago

Lovell set for £45m Hatfield regeneration scheme

Detailed plans will be submitted early next year for homes and shops
2 days ago

McAlpine JV wins £160m London mental health project

NHS land for 800 homes to be sold to fund Springfield and Tolworth mental health schemes
2 days ago

Plans go in for £350m scheme in Beaconsfield

Inland Homes makes progress on 100 acre Wilton Park site
2 days ago

Billington ramps up steelwork capacity as orders surge

New Shafton production facility to come on stream in January
2 days ago

66 firms win places on Fusion21 £90m framework

Full list of winning consultants on latest four-year deal from procurement body
2 days ago

Osborne bags Stockport Mersey Bridge

Phase of of £41m Stockport Interchange to start in April
2 days ago

Plan for £60m Strathclyde Uni teaching hub

The BDP designed building is the University's largest single project spend to date
2 days ago

Murphy sells stake in Australian infrastructure business

Cash raised will help civils specialist hit £2.5bn turnover target by 2025
3 days ago

Eric Wright warns Manchester market overheated

Lancashire builder suffers loss for second year running
3 days ago

Developer and foreman jailed after death of carpenter

Pair found guilty on manslaughter charges after fatal fall on Brighton site
3 days ago

Teesside Uni plans £300m campus expansion

Middlesbrough and Darlington campuses to be expanded in ambitious masterplan
3 days ago

£1bn London docklands scheme developer named

London & Regional Properties to redevelop Albert Island
3 days ago

Network Rail to overhaul tunnel re-lining methods

Industry called up to design faster, more efficient way to repair Victorian tunnels
3 days ago

Balfour Beatty does U-turn over support for CITB

Contractor to back skills body just weeks after broadside from boss Leo Quinn
6 days ago

Interserve appoints new finance chief

Mark Whiteling to help turnaround contractor
3 days ago

Green light for £300m Meadowhall expansion

Developer British Land aims to start construction next year
6 days ago

Bid race begins for £3.3bn roads pavement framework

Four year deal from Highways England to cover improvements across the country
6 days ago

Diamond drilling specialists join forces

Robore and Holemasters create £16m turnover contractor
6 days ago

Contractors complete Crossrail track – video

Push on to complete mega project for December 2018 opening
6 days ago

McMullen lands £18m cladding package at Shell Centre

Specialist will use latest in offsite techniques on 30-storey tower
6 days ago

Plans unveiled for £41m Edinburgh sports complex

Meadowbank sports complex will be demolished and rebuilt
6 days ago

Bouygues UK chief leaves the company

Craig Tatton leaves to "pursue another career opportunity"
7 days ago

Contractor services