Crossrail could need even more money and time

Grant Prior 4 years ago
Share

Crossrail chiefs are preparing to ask for more money to complete the project which is facing further delays.

A government update on the project yesterday also confirmed that Network Rail needs another £140m for work to integrate Crossrail with the national network.

A ministerial statement on the project said the extra £140m needed is “the result of some station and power upgrade work taking longer than planned.”

The additional cash increases the revised cost of the Crossrail On Network Works integration programme to just under £3bn.

And the main Crossrail budget of £18bn could rise again following delays blamed on Covid-19 disruption

The statement said: “Crossrail Ltd are currently in the process of updating their cost and schedule forecasts in light of their recovery plan, including assessing the impact on their opening schedule and will make a further update on this shortly.”

The project was due to be completed in December 2018 but currently has a scheduled full opening date of mid 2022.

The central section is due to open next summer with all stations now ready to trail services apart from Bonds Street.

Crossrail confirmed last month that it was parting company with main contractor Costain/Skanska joint venture at Bond Street and will oversee the completion of work itself.

The update revealed that total construction spending on Crossrail had hit £14.9bn by the end of May this year since July 2008.

Latest news

Go-ahead for City of London’s tallest tower

1 Undershaft building will equal the Shard in height
12 hours ago

Construction T Level scrapped due to lack of demand

Courses canned after less than 100 sign-up for latest round
1 day ago

Five firms clinch £300m Greenwich Uni framework deal

McLaren, Wates, Morgan Sindall, Vinci and Willmott Dixon secure places
17 hours ago

Hill Group strikes first Build to Rent deal

House builder agrees finance with Lloyds Living to start Stevenage scheme
18 hours ago

Construction output hit by fall in repair and maintenance

Industrial and commercial new work grows despite wider fall in activity
17 hours ago

Wates transfers pension scheme to “superfund”

Pension management specialist Clara to take charge of £210m fund
18 hours ago

Muse hires new development director for North West

Tom Darby joins from developer Bruntwood
18 hours ago

Bid rigging probe launched into school repair work

Firms raided this week with focus on roofing contracts
3 days ago

McLaren hires ex-ISG regional boss for north east expansion

Andrew Beaumont becomes MD of new Yorkshire and North East business
2 days ago

Government commits to four new prisons in seven years

£2.3bn pledged for new prison build programme
3 days ago

Road and rail delays hit revenue at Van Elle

Turnover drops 5% as markets remain challenging for piling specialist
2 days ago

Boot reports ‘noticeable improvement’ in planning system

Government planning reforms already unblocking council planning
2 days ago

Go-ahead to revamp former London city hall

Project will straighten the building's leaning profile with terraces to every level
2 days ago

United Living to divert Midlands gas pipeline

600m pipeline diversion clears way for M54 to M6 link road construction
2 days ago

Credit insurance saves Billington from ISG hit

Steel specialist puts on extra shifts at its plants to cope with demand
3 days ago

M&E specialist Dodd doubles profit on retrofit surge

Family-owned Telford specialist delivers record revenue of nearly £250m
3 days ago

Go-ahead for 800-home Croydon dual towers

One Lansdowne Road build to rent scheme to cost £260m to build
3 days ago

Construction inflation set to return raising tender prices

End of 2024 to mark the bottom of present inflationary trough
3 days ago

Start date for vast Balfour and Costain carbon capture power job

£4bn Teesside project to start construction next year creating 3,000 jobs
3 days ago

Plans go in to start revamp of North Finchley town centre

Developer Regal unveils first details of Barnet masterplan
3 days ago

Glencar bags £18m Big Yellow London store

Six-storey stoarage centre to be built at Staples Corner
3 days ago

Plan unveiled for 31-storey London Fenchurch Street tower

Demolition work to start in 2026 for new office tower
4 days ago

Vinci Building buys tower cranes for first time

Contractor invests in two WOLFFKRAN all-electric cranes at £138m Sheffield site
4 days ago

30 local firms land United Utilities £500m framework

Minor works deal win for North West civils and M&E specialists
4 days ago

Restructure pays off as Higgins returns to profit

Housing contractor recovers from £25.9m loss last year
4 days ago

Former Heathrow boss joins Mace in board rejig

Firm completes string NED appointments to expanded group board
5 days ago

Planning officers to get powers to bypass committee stage for housing

Rayner reform plan to cut out local council planning committees
4 days ago

National Insurance hike to delay construction recovery

Arcadis paints varied picture with full recovery delayed until 2026
5 days ago

Gratte Bros rides out cost rises with profit increase

M&E specialist warns of further upward pressure on wage costs
5 days ago

Sellar’s 36-storey London City office tower approved

Demolition work to start in 2026 at 60 Gracechurch Street site
7 days ago

Contractor services