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Crossrail budget met by Transport Innovation Fund

The Government’s contribution to Crossrail will be met from the bulk of allocations to the Transport Innovation Fund (TIF), it was revealed this week.

Responding to questions from Conservative transport secretary Theresa Villiers, new transport minister Sadiq Khan revealed the complete breakdown of £6bn in TIF budgets:

2007/8: £120M
2008/9: £106M
2009/10: £356M
2010/11: £291M
2011/12: £622M
2012/13: £1.25bn
2013/14: £1.313bn
2014/15: £1.142bn
2015/16: £800M

Mr Khan said: “Decisions on the total of TIF funding will be taken as any further projects come up for approval, and for the years from 2011-12 decisions will be made when the Department for Transport’s overall budget is allocated as part of Government-wide processes.”

In a subsequent question, Ms Villiers asked how TIF money would be allocated over those years.

Mr Khan said: “All of the Government’s grant contribution to the cost of Crossrail will be supported by the Transport Innovation Fund in recognition of its significant contribution to national economic productivity.”

In a break-down of the figures provided by Mr Khan, Crossrail would take the full allocation in 2007/8, and every year from 2011/12 to 2015/16.

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