Securing funding to deliver London’s east-west Crossrail project in its entirety was one of the big victories for Philip Hammond. Network Rail’s enhancement programme was also protected. But there was also bad news for passengers as regulated fares will rise by RPI+3% for three consecutive years from January 2012.
Close scrutiny of costs has cut the cost of Crossrail to £14.5bn (outturn prices) – a saving of £1bn. The programme to deliver the tunnel works will be...
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