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Crossrail approaching £1bn spend

Crossrail chairman Terry Morgan says his company will have spent £1bn by the second quarter of 2010 and cancelling the project would be a: “huge waste”.

Speaking at a breakfast briefing at the Labour Party conference in Brighton, Morgan said: “The key thing is to keep the programme running.

“By the second quarter of 2010, we will have the TBM contracts out and we will have then spent more than £1bn.

“To slow the progress down would be a huge waste. The compulsory purchase orders are also already up to £1bn spent,” he said.

High Speed 2

Morgan said Crossrail had been assisting High Speed 2, the company set up last year by transport secretary Andrew Adonis to investigate a high speed main line from London to the west Midlands. “We are speaking with [High Speed 2 chief executive] Sir David Rowlands to see how Crossrail will interface with High Speed 2,” he said.

But Morgan stressed that: “The main thing is Crossrail’s commitment to 6 Tunnel Boring Machines. We will need a 12 month lead in time and later this year put in the OJEU [Official Journal of the EU] notice.”

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