Crossrail 1 Breakdown
Request ID: FOI-2306-1819
Date published: 18 January 2019
You asked
I require a breakdown of the major cost elements of the currently anticipated cost of
Crossrail and an explanation of the key differences between the currently anticipated cost of the project, and the estimated cost of the project pre-2010 when the
funding package for the project was £15.9bn would be greatly appreciated.
We answered
TfL Ref: FOI-2306-1819
Thank you for your email received on 30 November 2018. I apologise for the delay in replying to you.
Your request has been considered in accordance with the requirements of the Freedom of Information Act and our information access policy. I can confirm we do not hold the information you requested. You asked:
I require a breakdown of the major cost elements of the currently anticipated cost of Crossrail and an explanation of the key differences between the currently anticipated cost of the project, and the estimated cost of the project pre-2010 when the funding package for the project was £15.9bn would be greatly appreciated.
We do not hold information explaining key differences between the currently anticipated cost of the project and the estimated cost of the project pre-2010.
Information on the currently anticipated cost of the project will be made available in the future. The Mayor has asked TfL, on behalf of both the Department for Transport and TfL, who are joint sponsors of the Crossrail project, to commission independent reviews, including a review into Crossrail Limited's financing. The reviews are being undertaken by KPMG and are nearing completion to ensure that as the project enters its critical next phase, financial projections for the project are robust.
The emerging findings of the KPMG review into Crossrail Limited's finances indicate the likely increase in the capital cost of the project could be in the region of between £1.6bn and £2bn, but the final cost projections for the project are yet to be confirmed. KPMG reviews will be published once they are complete.
Yours sincerely
Melissa Nichols
FOI Case Officer
FOI Case Management Team
General Counsel
Transport for London
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