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Crossrail must make: "significant savings"

Crossrail will be under pressure to come in well under its £16bn budget under a Conservative government, NCE can reveal.

Speaking at a fringe meeting at the Conservative Party conference in Manchester, shadow transport secretary Theresa Villiers confirmed that: “I totally appreciate the benefits of Crossrail.

However, we have also said that we will work had to ensure value for money across government spending.

“There will be no exceptions to that,” she said.

Former Conservative Mayoral candidate Steven Norris said: “This is a value for money issue, and there are some value and improvements to be made,” he said.

But Norris said Crossrail chief executive Rob Holden should have a relatively easy time to make savings.

“When Crossrail was costes in 2007, the credit crunch has lowered prices by some 20%.

“So the ironic consequence is that they are in at a much better value for money and there is great incentive to come in well under the current [£16bn] figure,” he said.

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