LONDON'S CROSSRAIL link between Paddington and Liverpool Street will be extended to the east, with tunnels to Stratford and Canary Wharf, London Mayor Ken Livingstone confirmed last week.
He said there were also plans to put enabling legislation for the project to Parliament at the end of 2003.
'We've got to sort out the route (for the new extension) and agree on financing, ' said Livingstone.
He added that he was unconcerned about whether to procure the project with private finance, but hinted that security for private finance could come from his £4.8bn annual budget.
'Whether it is a privately financed or design and build project, the City is aching to build it, ' he said.
Last week, Crossrail was officially launched by Cross London Rail Links (CLRL), the joint venture set up by the Strategic Rail Authority and Livingstone's transport department Transport for London.
At the launch, Livingstone confirmed that the project would also link into west London commuter lines and to Heathrow airport.
Adding the Canary Wharf and Stratford tunnels will increase the cost of the project from £4.55bn to £6.9bn, says a report produced for the City of London Corporation by consultant Halcrow.
Cross London Rail Links said it planned to complete Crossrail by 2012.
It also announced that it was finalising the selection of the route of the Chelsea to Hackney Line, now dubbed Crossrail 2.
This is expected to come into service by 2014.