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Old July 13th 04, 06:41 PM posted to uk.railway,uk.transport.london
Richard Stow Richard Stow is offline
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First recorded activity at LondonBanter: Jul 2004
Posts: 2
Default No statement for Crossrail scheme

"gonzo" wrote in message ...
"Joe" wrote in message
...
From: http://news.bbc.co.uk/1/hi/england/london/3885919.stm
/*
Chancellor Gordon Brown did not make any announcement about the
Crossrail project in his annual spending review on Monday.

Transport Commissioner Bob Kiley had hoped it would be part of the
government's spending plans for the next three years.

A further £2bn is needed to complete the project, which will link east
and west London.

The government has already pledged £2bn to the £10bn transport link.

rumours have it cwg will be asked to stump up £400 million. a number of
analysts i know think this may be too much for them, theyve just changed
hands and are now owned by morgan stanley who's committment to expanding the
estate is questionable. it puts substantial strain on them if you also
include the requests for extra money for the dlr to increase the number of
coaches.
i believe the corporation of london will also be asked to stump up a
substantial amount by raising it from businesses in the city. i do not know
how much this will be but im sure itll be more than cwg have been asked for.
cheers
james


Details in FT tomorrow, announcement next week, not exactly sure what
will be announced houwever, seems options open to last.