new Crossrail project has received a major boost with BAA’s
£230 million funding package. Crossrail will guarantee a fast train service, four times an hour for the majority of the
day, from Heathrow Airport through central London, the City and Canary Wharf and out to Shenfield and Abbey Wood.
The construction and implementation of Crossrail
is expected to provide a boost of at least £20 billion to the UK economy and generate an extra
Mike Forster, BAA’s Strategy Director,
said, “We are delighted to support the Crossrail scheme, which demonstrates our commitment to
improving public transport access to Heathrow. This vital new link will directly connect the City and Canary Wharf to the airport, complementing
our existing Heathrow Express service and taking thousands of cars off the roads. Crossrail will be crucial in keeping London and the UK
Mayor of London Boris Johnson
added, “This is another significant step forward in preparing for the construction of this landmark new railway. Works have already begun at Tottenham
Court Road station and the contracts to design and build the multi-billion pound project are all on track to be awarded by spring 2009. All parties
are committed to Crossrail's success, and together we will deliver it on time and on budget.”
The new line will run from Maidenhead and Heathrow in the west through new tunnels under central London to Shenfield and Abbey Wood in
the east. New stations will be created at Paddington, Bond Street, Tottenham Court Road, Farringdon, Liverpool Street, Whitechapel and the Isle
of Dogs (Canary Wharf). Passengers will benefit from reduced journey times to Heathrow as Crossrail will provide direct rail services for the first
time from the key business centres across central London.
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 £16 billion project will be funded by both Government and the businesses that are set to
benefit from it.
The legislation that allows Crossrail to progress was given Royal Assent in July this year, with work to begin in earnest in 2010.
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