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TfL to pay Canary Wharf Group £15M every year Crossrail is delayed

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Transport for London (TfL) will have to pay an annual charge of £15M to the Canary Wharf Group if the district’s Crossrail station is not complete by 2021, it has emerged.

An email from outgoing chief executive Simon Wright, obtained by City AM, said there was a “service commitment obligation”, which if not met would lead to a liability of £15M per annum. 

Canary Wharf Group ihas paid £150M towards the costs of the new Crossrail station.

A spokesperson for TfL said: “Everyone involved in this project is fully focused on bringing the Elizabeth Line into service for passengers as soon as possible.

“Work is continuing between the government, mayor and Transport for London on finalising a financing package to deliver this.”

The email also outlines that Berkeley Homes, which agreed to build and fit-out Woolwich station, does not have an agreement with TfL that contains any penalties for delays.

News of the email has come after Sir Terry Morgan resigned as chairman of Crossrail Ltd and HS2 Ltd earlier this week after admitting he expected to be sacked.

Morgan, who had been chair of Crossrail’s delivery body Crossrail Ltd since 2009, heard late on Friday that his job was on the line. He took on the role of HS2 Ltd chair at the beginning of August.

At the end of August Crossrail confirmed that Elizabeth Line services between Paddington in central London and Abbey Wood in the south east of the capital will not open until autumn 2019. The line was originally scheduled to open this December. In October, the government provided an additional £350M to the London Mayor’s Office to deliver Crossrail.

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