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04/11/2008
Crossrail Boost As BAA Agree £230m Funding
Crossrail took a significant step forward today thanks to the agreement of a £230 million funding package from BAA, Transport Minister Andrew Adonis and BAA's Strategy Director Mike Forster have announced.
In return, Crossrail will guarantee a fast train service four times an hour for the majority of the day. This will provide direct services from Heathrow airport through central London, the City and Canary Wharf and out to Shenfield and Abbey Wood.
The construction and implementation of Crossrail will also provide a boost of at least £20 billion to the UK economy and generate an extra 30,000 jobs.
Transport Minister Andrew Adonis said: "Crossrail is the largest addition to the transport network in 50 years, and today's announcement that BAA have confirmed a £230 million funding package for the project represents a major step towards its delivery. Business has long been a strong advocate for Crossrail and this is borne out today.
"Trains will run four times an hour for most of the day - cutting journey times across London and the South East and significantly improving rail access to Heathrow for thousands of passengers and airport workers every day.
"This is a hugely important scheme for the country. Its implementation will help to generate new jobs, and so support the economy, as well as assist the revitalisation of some of London's most deprived areas by offering them a fast and reliable connection to the rest of the city."
Crossrail is on track to be operational in 2017, providing a 10% rail-based increase in public transport capacity across London and faster services for passengers. In a ground-breaking deal the £15.9 billion project will be funded by both Government and the businesses that are set to benefit from it. BAA's funding announcement today demonstrates the commitment of the business community to this unique project.
The legislation that allows Crossrail to progress was given Royal Assent in July this year, with work to begin in earnest in 2010.
(JM)
In return, Crossrail will guarantee a fast train service four times an hour for the majority of the day. This will provide direct services from Heathrow airport through central London, the City and Canary Wharf and out to Shenfield and Abbey Wood.
The construction and implementation of Crossrail will also provide a boost of at least £20 billion to the UK economy and generate an extra 30,000 jobs.
Transport Minister Andrew Adonis said: "Crossrail is the largest addition to the transport network in 50 years, and today's announcement that BAA have confirmed a £230 million funding package for the project represents a major step towards its delivery. Business has long been a strong advocate for Crossrail and this is borne out today.
"Trains will run four times an hour for most of the day - cutting journey times across London and the South East and significantly improving rail access to Heathrow for thousands of passengers and airport workers every day.
"This is a hugely important scheme for the country. Its implementation will help to generate new jobs, and so support the economy, as well as assist the revitalisation of some of London's most deprived areas by offering them a fast and reliable connection to the rest of the city."
Crossrail is on track to be operational in 2017, providing a 10% rail-based increase in public transport capacity across London and faster services for passengers. In a ground-breaking deal the £15.9 billion project will be funded by both Government and the businesses that are set to benefit from it. BAA's funding announcement today demonstrates the commitment of the business community to this unique project.
The legislation that allows Crossrail to progress was given Royal Assent in July this year, with work to begin in earnest in 2010.
(JM)
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A deal worth up to £350m that will help deliver Crossrail on time and on budget has been finalised with the City of London Corporation. The agreement was announced today by Andrew Adonis, Transport Minister, Boris Johnson, Mayor of London and Sir Michael Snyder of the City of London Corporation.
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28 October 2014
Crossrail 2 Is Needed To Support London's Growing Population - Mayor
Crossrail 2 is needed to provide vital new capacity on the transport network to cope with London's forecast population growth, according to the Mayor of London. In a keynote speech, Mr Boris Johnson, said by 2050 demand for public transport will have increased by 60 per cent.
Crossrail 2 Is Needed To Support London's Growing Population - Mayor
Crossrail 2 is needed to provide vital new capacity on the transport network to cope with London's forecast population growth, according to the Mayor of London. In a keynote speech, Mr Boris Johnson, said by 2050 demand for public transport will have increased by 60 per cent.
24 July 2008
Crossrail On Track For 2017
London is to enjoy a huge advance in city transportation. Work on the Crossrail project - which will be the largest civil engineering project in Europe - is to get under way shortly.
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13 June 2014
London's Newest Tunnel Under The Thames Unveiled
Today, Friday 13th June, the Chancellor of the Exchequer, the Rt. Hon. George Osborne MP, unveiled London's newest tunnel under the River Thames. The 'Thames Tunnel', part of the £14.8bn Crossrail project, stretches for almost 2 miles and took 2 and a half years to complete.
London's Newest Tunnel Under The Thames Unveiled
Today, Friday 13th June, the Chancellor of the Exchequer, the Rt. Hon. George Osborne MP, unveiled London's newest tunnel under the River Thames. The 'Thames Tunnel', part of the £14.8bn Crossrail project, stretches for almost 2 miles and took 2 and a half years to complete.
19 March 2009
CC Orders BAA To Sell Two Airports
The Competition Commission (CC) has ordered BAA to sell both Gatwick and Stansted as well as either Edinburgh or Glasgow. In its final report on BAA's ownership of seven UK airports, the CC also stipulates that BAA must sell all three airports within two years.
CC Orders BAA To Sell Two Airports
The Competition Commission (CC) has ordered BAA to sell both Gatwick and Stansted as well as either Edinburgh or Glasgow. In its final report on BAA's ownership of seven UK airports, the CC also stipulates that BAA must sell all three airports within two years.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
