Crossrail 2

Meeting: 
MQT on 2014-02-26
Session date: 
February 26, 2014
Reference: 
2014/0617
Question By: 
Richard Tracey
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

What was your reaction to the London First Crossrail 2 Taskforce's estimates of the ways in which Crossrail 2's budget could be raised via private sources?

Answer

Answer for Crossrail 2

Answer for Crossrail 2

Answered By: 
The Mayor

I am a huge supporter of Crossrail 2 and welcome the London First report on funding.  London First have taken the project forward by identifying that the Government's objective can be met, with more than half of Crossrail 2's costs coming from private sources. However, I think there could be an even higher level of funding from business than London First suggest, and my officers will continue to develop this thinking in more detail.