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Old September 8th 09, 10:08 AM posted to uk.railway,uk.transport.london
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Default EU lending for Crossrail

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[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.
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Old September 8th 09, 02:19 PM posted to uk.railway,uk.transport.london
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Default EU lending for Crossrail


"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?


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Old September 8th 09, 03:30 PM posted to uk.transport.london
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Default EU lending for Crossrail

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
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Old September 8th 09, 03:56 PM posted to uk.railway,uk.transport.london
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Default EU lending for Crossrail

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
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Old September 8th 09, 03:46 PM posted to uk.railway,uk.transport.london
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Default EU lending for Crossrail

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



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Old September 8th 09, 04:49 PM posted to uk.railway,uk.transport.london
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Default EU lending for Crossrail


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


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Old September 8th 09, 05:18 PM posted to uk.railway,uk.transport.london
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Default EU lending for Crossrail

wrote:

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


That is what happened to the Channel Tunnel in 1970-something.

--
Arthur Figgis Surrey, UK
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Old September 8th 09, 06:45 PM posted to uk.railway,uk.transport.london
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Default EU lending for Crossrail

On Tue, 08 Sep 2009 18:18:43 +0100, Arthur Figgis
wrote:

wrote:

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


That is what happened to the Channel Tunnel in 1970-something.



That isn't quite the same as what happened to the Channel Tunnel in, I
think, 1974. The Channel Tunnel wasn't cancelled, it just never got
the go-ahead to start.

There was a feasibility study and associated demonstration project
under way when Harold Wilson's Labour government came into power in
1974. It was hoped that, based on the success of the demonstration
project, the construction of the Channel Tunnel would be authorised as
a joint British/French publicly financed project.

The feasibility study showed that a tunnel could have been built
through the chalk marl. The demonstration project was a success and
showed that a tunnelling machine could excavate and line a short
section of the small diameter service tunnel in competent chalk marl.
But that's all it showed.

When Labour came to office, the country was on a three day week with
rotating power cuts for all but essential services. The government's
tax take had fallen dramatically because industrial production had
been badly disrupted due to the coal miners' strike, reducing
corporation tax receipts, and because working hours were much
reduced, reducing income tax. In short, there wasn't any money, and a
grandiose project like the Channel Tunnel was never going to be given
the go-ahead at a time like that.

So the demonstration project was completed and the feasibility study
was written up. The tunnel workings were then sealed. Then nothing
happened, literally.

Nothing was "cancelled", because there was nothing to cancel.

With the benefit of hindsight, we can now say that it was probably a
good thing that the project didn't get the go-ahead at that time. The
ground investigation had been rather perfunctory and some major
geological problems were missed.

Subsequently, in the 1980s, a more detailed ground investigation was
carried out. This also failed to identify geological problems on the
English side which caused serious problems when the project was under
way. The detailed ground investigation successfully identified some
even more severe problems on the French side. As a result, the French
tunnelling contractors invested a lot of money in very sophisticated
machines which offered full support of the excavated face with a
bentonite slurry.

This was a slower and more costly method of tunnelling but the French
tunnellers coped with everything the ground conditions threw at them
and more or less stayed on programme. Indeed, they went so well
compared to our tunnellers that they continued far beyond the original
agreed point and into English territory.

On the English side, a more optimistic view was taken and face support
was not included. In the event, the ground conditions were not as bad
as on the French side, but bad enough that the lack of face support
and huge ingress of water caused severe delays to the tunnelling.

Had the Channel Tunnel been given the go-ahead in 1974, the optimistic
view would have prevailed on both sides because of the inadequate site
investigation, and the sophisticated machines used by the French were
not available at that time. So there would have been major problems -
even worse than in the Tunnel that was built - and the whole cost
would have been borne by taxpayers, which would have been a disaster.
It is quite possible that the project would have had to have been
abandoned until better technology became available.

In the event, the problems were mainly confined to the English side,
and the whole of the massive cost overrun was borne by investors in
Eurotunnel and the lending banks, sparing the taxpayer almost all of
the pain.

As taxpayers, I think we should be relieved that this burden did not
fall on us. With the severely damaged economy that was left to Labour
by the grossly incompetent Heath/Barber Tory government of 1970-74,
the public finances could not have sustained such a big hit.

With Crossrail, two of the three major tunnelling contracts have just
gone out to tender. So, unlike the Channel Tunnel in 1974, there *is*
a Crossrail project in place. I believe the Crossrail team are aiming
to have the tunnelling contracts let and started on site before the
general Election, in the hope that it would make the project very
difficult to cancel. We will see, ;-)


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Old September 8th 09, 06:13 PM posted to uk.railway,misc.transport.urban-transit,uk.transport.london
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Default EU lending for Crossrail

On Sep 8, 7:19*am, wrote:
"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 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.

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


Has actual tunneling started? I thought it was just station boxes
under other construction and the like?


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Old September 8th 09, 08:28 PM posted to uk.railway,misc.transport.urban-transit,uk.transport.london
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Default EU lending for Crossrail


On Sep 8, 7:13*pm, 1506 wrote:

Has actual tunneling started? *I thought it was just station boxes
under other construction and the like?


No tunnelling is happening. AIUI only the Canary Wharf (aka Isle of
Dogs) station box has started construction proper. Otherwise I think
it's all pretty much various preparatory works. Tottenham Court Road
tube station is in the early stages of being reconstructed which all
links in with Crossrail, but I don't think any major Crossrail centric
works are due to happen there for a while (not too up on the TCR
timetable though I admit).

The big kick off of major construction work is yet to come.


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