London's Transport Commissioner, Mike Brown, said: "The confirmation of an interim financing package between the Government and the Mayor of London will enable Crossrail Ltd to continue its construction work and vital testing at pace to open the Elizabeth line to passengers as quickly as possible. The funding will go towards Crossrail Ltd completing the final fit out of the tunnels, work on stations and the extensive safety and reliability testing needed for the new systems.
We have commissioned independent reviews into Crossrail Ltd's governance and financing to ensure its projections are robust. These reviews are being carried out by KPMG and once this work is finalised a full financing agreement will be developed by the Government and Mayor of London. Once opened the Elizabeth line will transform travel across London, boosting the economy by billions of pounds and supporting thousands of new jobs and homes in London and the South East."