Crossrail funding fears

The Guardian is reporting that a £30 billion funding gap in Britain's transport budget could delay Crossrail:

A leaked industry memo seen by the Guardian warned of "looming spending cuts" on major transport projects after Department for Transport officials described the consequences of restoring order to public finances. There are now fears that major schemes could be delayed, reduced or scrapped in an expenditure freeze. They include the £16bn Crossrail scheme linking Heathrow Airport to Canary Wharf and Essex, which could be delayed.

Although work has already begun on the project in locations including Canary Wharf and Tottenham Court Road, there have been fears for some time that the project's funding might still be reviewed; suspicions fuelled by articles such as this one by Simon Jenkins.

Crossrail will create a new interchange with the East London Line at Whitechapel, providing Brockley residents with a much faster route to west London and Heathrow than at present. More importantly, it's vital to the growth of Canary Wharf and other business districts in east London, currently constrained by the limits of the Jubilee Line. Crossrail will help to drag the centre of London's gravity eastwards and - in this respect - is important for the long-term prosperity of south east London (not to mention the fact that it will serve Woolwich and Abbey Wood).

Its delay, therefore, would constitute a serious setback for this part of the city.

[Brockley Nick here: While I hope I've done enough over the last 3 years of blogging about Brockley to demonstrate that my motives are pure and true, in the interests of transparency, I should note that the company I work for provides public relations support for a company with a commercial interest in Crossrail]

7 comments:

The Cat Man said...

I think its abit SAD that anyone who does something for free, for the public, has to disclosed every minor detail such as Nick's caveat.

Although I know it is important for some, it says alot more about the kind of society we live in. Lack of common community values has eroded our trust in each other.

Anonymous said...

That's one point of view, another might be that it's a positive thing, the beginning of a new age of openness.

Anonymous said...

you do talk a lot rubbish andy.

Headhunter said...

I thought one of the conditions of us geting the Olympics was that we completed Cross Rail? Transport across London from Heathrow to the Olympic sites will be chaotic without it!

Brockley Nick said...

No, even during the 2012 bidding phase it was known that crossrail would not be ready by then.

TM said...

The Olympic bid was sold on use of the Javelin from St Pancras to Stratford.

Not so easy to get to St Pancras from Heathrow though.......

Better if you're coming from France.

Anonymous said...

I've worked on major rail projects in a senior capacity for 25 years now. I don't believe that anyone on the project or in the treasury would know whether funding has been scrapped or not. Furthermore, if it were, it would not be a decision made in the normal rational manner of - say men kicking a ball at a goal, while others defend it. It's more like a weather system - pressures, fronts and forecasts galore - but mainly drizzle and wind. I've always been shocked at the waste in rail - but ages ago it was explained to me that those people not achieving much in their jobs would achieve less and cost the same overall if unemployed. Nothing has changed there. The declining economy and recession have an upside - labour, energy and materials costs all fall - these forces act to increase the probability that the project will go ahead - so sunny spells interspersed with showers i should say....

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