Latest news:
Regular news: Issue 540 5 Mar 2010

Londoners paying too much of Crossrail cost

Too much of Crossrail’s cost is falling on Londoners, the London Assembly has claimed.

The Assembly’s transport committee says London is providing “more than its fair share” towards the cost of the scheme.

Central government is contributing £8bn to the project whereas the capital will contribute £7.8bn, mainly through borrowing against the proposed Crossrail business rate supplement and future fare income. The committee emphasises that Crossrail is expected...

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