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Old November 26th 11, 03:49 PM posted to uk.railway,misc.transport.urban-transit,uk.transport.london
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Default Crossrail construction contracts let at low prices

"77002" wrote in message
...

I gather from someone I know at Crossrail that the overall estimated
cost for the project has now dropped by around **£2 billion** from the
original estimates. I think that means we are now looking at an
outturn cost of around £14.7 billion at 2009 prices.


Isn't that traditionally one of the arguments for a programme of public
works in recessionary times - that you can get good value for money?

Yes, but to do this well, government needs to be frugal during the
good years.


Ah, I'm on the verge of spotting the flaw...


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