On 28 Jun, 15:43, Kev wrote:
And Canary Wharf's developers stumped up cash for the DLR and the JLE,
and will most likely stump up cash for Crossrail as well (assuming the
private sector funding model is based on the award of development
rights, which is likely).
Really, what percentage of the cost of the Jubilee Ext and the DLR did
they cough up and are the developers currently putting money into the
Jubilee resignalling or DLR works.
They put up £400m for the JLE (although they went bust over roughly
the same period, so not sure how much actually got paid out), and £70m
for the DLR (out of c£300m cost for the original line plus the
extension to Bank).
They're not paying for the JLE resignalling, because the deal behind
the £400m was that it would fund a railway that worked. And they're
not paying for the new DLR extensions, because these are for the
benefit of the Olympics/CTRL (Stratford Intl to Custom House),
Woolwich regeneration (King George V to Woolwich), and Dagenham Dock
regeneration (Canning Town to Dagenham Dock).
I don't know whether or to what extent developers in these areas are
funding the DLR extensions.
--
John Band
john at johnband dot org
www.johnband.org