Crossrail costs blow out £18bn as further delays announced

Galtero Lara
Noviembre 11, 2019

He added: "Crossrail Ltd will need further time to complete software development for the signalling and train systems and the safety approvals process for the railway".

Wild said he expected to provide Londoners with "further certainty" about when the line would open "early in 2020". "By the end of the year, Custom House, Farringdon and Tottenham Court Road stations will be complete and the project is on track to finish fit-out of the tunnels in January", said Mr Wild. TfL had previously said the Elizabeth line, as the service will be called, was unlikely to start running before 2021 but had kept an autumn 2020 opening in its plans.

"Our detailed cost forecasts continue to show that the project's costs will increase due to programme risks and uncertainties".

Considered the most ambitious infrastructure project in Europe, the line was supposed to open in December 2018, but it has been repeatedly delayed due to problems with safety tests and the completion of signaling work.

In a statement to the London Stock Exchange, TfL, the sponsor for delivery body Crossrail Ltd, said it had been advised that the rail line would require £400m over and above a funding package agreed previous year had delivered and could potentially need even more. The budget is running at 15.4 billion pounds ($19.7 billion) but could be between 400 million pounds or 650 million pounds higher than that.

And earlier this year, CRL set a new timeline for the project stating it would be completed by spring 2020 - only for this to be pushed back by the latest announcement.

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The news quickly sparked rows over who knew what and when and led to the downfall of Sir Terry Morgan from both the Crossrail project and HS2.

"These must be done to the highest quality standards to ensure reliability of the railway from day one of passenger service".

Full services from Reading and Heathrow in the west to Abbey Wood and Shenfield in the east will commence "as soon as possible", according to Crossrail Ltd.

Crossrail will not open until 2021 and has incurred a further cost overrun that will take the total price of the London rail link to more than £18bn, Transport for London (TfL) has announced.

"The delay creates huge issues for many businesses that have made investment decisions based on its original opening date of December 2018".

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