Delays to London Crossrail could cost TfL £20m in lost revenue

Delays to London Crossrail could cost TfL £20m in lost revenue

Mayor ‘frustrated’ at overrun, which will incur extra building costs and take up to a year

London transport bosses will meet with Treasury on Thursday to discuss extra funding for the £15.4bn Crossrail project, after a delay to its opening was announced last week.

The overrun on the central section could approach one year, it transpired, with the revised deadline for the opening of the new Elizabeth Line now the end of autumn 2019 instead of December this year.

Related: What is happening with Crossrail?

Related: Don’t moan about Crossrail. Once complete, it will be a rare triumph in our public realm | Will Hutton

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Source: Guardian Transport

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