Crossrail (3)

Meeting: 
MQT on 2018-09-13
Session date: 
September 13, 2018
Reference: 
2018/2127
Question By: 
Caroline Pidgeon
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

Please state the estimated (a) loss in fare revenue, and (b) additional expenditure required to complete the project, that will arise from the postponement of the opening of Crossrail across London until Autumn 2019.

Answer

Answer for Crossrail (3)

Answer for Crossrail (3)

Answered By: 
The Mayor

Crossrail Limited has only recently informed Transport for London (TfL) and the Department for Transport (DfT) about the delay.  Crossrail Ltd is working to establish any additional impact on funding from the revised schedule.

The predicted revenue from the opening of the central section is mainly as a result of journeys moving from other TfL services, for example customers switching from the Central and Jubilee lines to the Elizabeth line, rather than being new revenue from new sources.

The full implications to TfL will be set out as part of the annual business planning process at the end of 2018.