Transport for London (TfL) has submitted reworked plans to pay for Crossrail 2.
The plans have been submitted to the Department for Transport (Dft) for consideration, after the DfT told Crossrail 2 that it must pay for half of its cost during construction.
In September Mott MacDonald and Arup won a £3M contract from TfL to drive down design costs on the £31bn mega-project.
A spokesperson for TfL said: “We have completed further work to address the affordability challenge set by the Secretary of State that London should pay for half of the cost of Crossrail 2 during construction. We have responded to this by examining different ways to reduce the overall cost of the scheme through benchmarking and value engineering and exploring opportunities for additional funding streams, including the potential for private sector funding.
“We hope to have a positive response to these proposals this autumn, alongside the green light from Government to move forward with a public consultation in the New Year. We can then continue to develop our plans and prepare to submit a Hybrid Bill.”
The move was outlined in the TfL Commissioner’s Report.
Last month Crossrail 2 managing director Michele Dix said it is considering a new land value capture model to help fund the £31bn scheme.
In October it emerged that Crossrail 2 could be pushed back until the 2040s to give TfL more time to raise the required funds.