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Old July 14th 04, 02:00 PM posted to uk.railway,uk.transport.london
gonzo gonzo is offline
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First recorded activity at LondonBanter: Jul 2004
Posts: 2
Default No statement for Crossrail scheme


"Roger H. Bennett" wrote in message
...
"Michael Parry" wrote in message
...
:The Treasury stands to gain a £7.6bn tax windfall from the
:expected £19bn boost to the economy from Crossrail.

£3.8 billion cost; £7.6 billion windfall; huge expense; does not
compute!


I haven't read the article, but that depends on the period over which the
return is paid. £3.8 billion cost now for £7.6 billion return over 100
years wouldn't be very attractive.


doesnt the treasury cost transport improvements over 10 year periods only,
which is why we get so few. if they dont break even within ten years they
dont build them. i believe most european countries operate on a 30 year
principle, but then governments in this country hate paying for improvements
other governments benefit from.
cheers
james