Crossrail 2 (1)

Meeting: 
MQT on 2017-08-10
Session date: 
August 10, 2017
Reference: 
2017/3181
Question By: 
Keith Prince
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor
Category: 

Question

How confident are you that TfL will be able to meet the DfT's requirements for the funding of Crossrail 2?

Answer

Answer for Crossrail 2 (1)

Answer for Crossrail 2 (1)

Answered By: 
The Mayor

Transport for London (TfL) submitted a detailed business case for Crossrail 2 to the Transport Secretary in March this year which outlined how over half the cost could be met through London funding streams already supported by businesses, including an enhanced Mayoral Community Infrastructure Levy and a continuation of the Business Rate Supply now paying for Crossrail 1. 

I had a productive meeting with the Transport Secretary in July, where he pledged his continued support for Crossrail 2 but stressed the need for London to be able to fund half of costs during construction. As we set out in a joint statement, we have agreed to work together to make the scheme more affordable. This work is now under way and I am confident that we can arrive at a funding package that meets the Department for Transport's requirements.