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"Mizter T" wrote in message
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[x-posted to uk.transport.london]
[original thread on uk.railway]

On Sep 8, 8:59 am, JP wrote:
EU has lent £1bn towards Crossrail according to Mayor Boris

Excerpt from today's TfL press release:

"The Crossrail project received a major boost today as Transport for
London (TfL) announced that it has agreed a £1bn loan with the
European Investment Bank (EIB) to finance part of their contribution
to Europe's largest construction project."

Read the rest of it he
http://www.tfl.gov.uk/corporate/medi...tre/12515.aspx

Apparently it is "one of the largest loans ever secured for a
transport project".

Of course the big hurdle that Crossrail has yet to pass is the
comprehensive public spending review that's going to be instituted by
Cameron and Osbourne when they inevitably gain power next year.

I thought Crossrail was being built? Because they have already started
work, are you saying this work could be stopped?

They are only doing preparatory work.

It would be stupid to stop part way through any one individual piece of
work, but there's no reason why they can't decide to delay boring the main
tunnel for a year or 20 (we have been waiting 40 years already)

tim