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.”