[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.

"Mizter T" wrote in message
...
[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?

In article ,
() wrote:

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

You ask all the deep philosophical questions!

--
Colin Rosenstiel

On Sep 8, 3:08*am, Mizter T wrote:
[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 hehttp://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.

[x-posted to misc.transport.urban-transit]

One also has to ask the question: "What does the EU expect in return
for their investment"?

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

They can stop work at any time, although the nearer they are to the end the
less likely they are to abandon the work done so far.


--
:wq

On Sep 8, 3:19*pm, wrote:

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

Of course it *can*: see the 1970s Channel Tunnel, which stopped after
they'd dug 400m and bought the TBMs.

It would be stupid and expensive to do so, but we are talking the
Camerosborne party here...

--
John Band
john at johnband dot org
www.johnband.org

On Sep 8, 4:42*pm, 1506 wrote:
On Sep 8, 3:08*am, Mizter T wrote:





[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 hehttp://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.

[x-posted to misc.transport.urban-transit]

One also has to ask the question: "What does the EU expect in return
for their investment"?

In real life: eventual repayment in cash, and the benefits to all EU
member states of improved transport links around a major European
city

In the paranoid minds of the anti-EU lot: your firstborn child and
your soul.

--
John Band
john at johnband dot org
www.johnband.org

On 2009-09-08 16:42:49 +0100, 1506 said:

On Sep 8, 3:08*am, Mizter T wrote:
[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 hehttp://www.tfl.gov.uk/corporate/media/newscentre
/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.

[x-posted to misc.transport.urban-transit]

One also has to ask the question: "What does the EU expect in return
for their investment"?

Not the EU but the European Investment Bank. A different animal.

And the answer is... Their money back later, with interest.

Next question...
--
Robert

On Sep 8, 4:58*pm, John B wrote:

On Sep 8, 4:42*pm, 1506 wrote:

[snip]

One also has to ask the question: "What does the EU expect in return
for their investment"?

In real life: eventual repayment in cash, and the benefits to all EU
member states of improved transport links around a major European
city

In the paranoid minds of the anti-EU lot: your firstborn child and
your soul.

Ha ha ha, very good!

Talk that the project will be renamed "MonnetRail" is nothing other
than scurrilous rumour making...

wrote in message
...

"Mizter T" wrote in message
...
[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