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Crossrail still dominating TfL finances

Crossrail tunnel
Created on
03 January 2020

Transport for London’s (TfL) budget has been dominated by Crossrail for many years and with more delays, further investment is needed. The latest cost projections presented to the TfL Board on 7 November 2019 indicate that Crossrail will need a further £400-£650 million to complete the project by 2021. Each time the new line is delayed means less money is available for TfL to invest in transport.



The London Assembly Budget and Performance Committee will review TfL’s Budget for 2020-21 on Monday with questions on Crossrail, fare freezes and project delivery.



The guests are:

  • Mike Brown MVO, Commissioner, TfL
  • Heidi Alexander, Deputy Mayor for Transport
  • Simon Kilonback, Chief Finance Officer, TfL
  • David Gallie, Assistant Director of Group Finance, GLA

The meetings will take place on Monday, 6 January at 10:00am in The Chamber, at City Hall (The Queen’s Walk, London SE1).



Media and members of the public are invited to attend

The meeting can also be viewed LIVE via webcast or on our YouTube channel.



Follow us @LondonAssembly and tweet about the meeting using #AssemblyBudget and #TfLBudget

Notes to editors

  1. Read the agenda papers.
  2. Gareth Bacon MP AM, Chairman of the Budget and Performance Committee is available for interview. 
  3.  Find out more about the London Assembly Budget and Performance Committee
  4. As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.

 

For media enquiries, please contact Aoife Nolan on 020 7983 4067.  For out of hours media enquiries, call 020 7983 4000 and ask for the London Assembly duty press officer. Non-media enquiries should be directed to the Public Liaison Unit on 020 7983 4100.

 

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