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Crossrail cash deal inches forward as City chips in

12 December 2008
 

London’s east-west Crossrail project has taken a further step forward with the finalisation of a deal that will see the Corporation of London provide £200m towards the £15.9bn cost of the project.

The Corporation of London will make a direct contribution of £200m to the project and has also pledged to seek £150m of contributions from businesses, guaranteeing £50m of these contributions.

The deal was struck as Cross London Rail Links, which is responsible for...

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