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Crossrail 'offers value for money', says Villiers

Transport minister Theresa Villiers said the £15.9bn Crossrail project will generate “high value for money” after it emerged the scheme has already received almost £800M of public money.

Figures show Crossrail has spent £1.16bn, with £773,769,000 provided by the Department for Transport and Transport for London since July 2008.

In an annual update to MPs, Villiers said Crossrail’s forecasts indicated the project, which will provide a high frequency rail route linking Heathrow in the west to the City of London and Canary Wharf, “can be delivered within the funding available”.

She added: “Crossrail will support economic growth for London and the UK and, as the coalition agreement made clear, is supported by government.

“Recent work to update the business case indicates that the project will generate high value for money.”

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