Crossrail set to survive Comprehensive Spending Review

On October 20th, the government will reveal its spending plans in the Comprehensive Spending Review. Crossrail's future had been in some doubt (although not on this blog) but the BBC now reports that all the stations and branches will be built.


The decision makes absolute sense, not only because Crossrail is vital to London's long-term development, but because a large chunk of the public money has already been spent on several large holes in the capital and once these funds have been spent, they will unlock a lot of private investment in the project.

However, the report suggests that two of the most ambitious stations in the project are likely to undergo value engineering and possible redesign to reduce costs. One of these is the gorgeous Whitechapel station design - Brockley's Crossrail interchange via the East London Line - we hope they don't butcher it too much.

[Full disclosure: the company I work for, Edelman, works for a company with a commercial interest in Crossrail]

15 comments:

Monkeyboy said...

Excellent, that's my lifeboat for when Thameslink at Farringdon is complete. Does that mean I have to declare an interest if and when you buy me a beer at BC drinks?

Brockley Nick said...

Sounds as though you should be buying us drinks. Next BC drinks, pre-Xmas, btw.

Mb said...

TfL champaign is not the best truth be told

Brockley Nick said...

If the label says "champaign" then you don't need to tell us that it won't be the best.

TM said...

Lets campaign for real Champagne

Monkeyboy said...

You can tell the Oxbridge crowd! Punting anyone?

Matt-Z said...

This is great news, though not unexpected (Crossrail, not the BC drinks). It would be more than foolish to cancel now, and as you point out, most of the money is already spent. I very much doubt there will be any new projects of this sort announced by the Coalition though. The only new transport investment will be privately funded (e.g. Northern Line to Battersea).

Regarding BC drinks - Gulens?

Real Ale Drinker said...

We should give the Barge a chance.

At least the beer is cheap and suprisingly well kept.

Brockley Nick said...

I definitely think it should be a centralish Brockley venue for once. The Orchard, the Barge or the Wickham...

Ale Drinking Dogger said...

I vote for the Barge

Ramble said...

I vote Orchard! Would say pub crawl but that could get very messy!

Ale Drinking Dogger said...

Actually how about the Barge followed by the Ladywell Tavern... via Hilly Fields?

Name said...

Despite the Edward Scissorhands approach of this coalition, I didn't ever think Crossrail was under threat, you only have to go to Tottenhan Court to see that (they knocked down the Astoria for crissakes).

but I am glad that the Bank of England is now explicitly making clear that it wants and NEEDS people to spend.

Interest rates have been kept at the extraordinarily low rate for ages and its great for our mortgages but the hope was that savers would be a bit braver and become the private investors and backers of small enterprises, like El's Kitchen of HomemadeLondon, and www.sukiandme.com (full disclosure: a plug for my friend) These small businesses mostly by women are the green shoots of the recovery (or antidote to the double dip recession) but they need people to SPEND. So SPEND, INDULGE, etc.

Labour Rhetoric Spotter said...

Despite the Edward Scissorhands approach of this coalition

Has the spending review that is due next month been leaked?

Lawrence said...

good news for us in the rail industry!

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