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.

No statement for Crossrail scheme
 

No statement for Crossrail scheme
 

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

FT article at
http://news.ft.com/servlet/ContentSe...StoryFT/FullSt
ory&c=StoryFT&cid=1087373696659
It's mostly speculation about how it might be financed.

A few snippets:

:the project, which is favoured by Tony Blair but regarded by
:the Treasury as a huge expense

:the GLA paper envisages a Treasury contribution of £3.8bn

: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!

--
Michael Parry

No statement for Crossrail scheme
 

"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.

Roger

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