Network Rail has announced it has produced “an affordable costs package” to deliver the elements of the £15.9bn Crossrail project that the rail infrastructure owner is responsible for.
The new submission by Network Rail provides detailed costs and plans for designing, developing and delivering the above ground elements of the project. Network Rail is responsible for the Crossrail works that are on the existing rail network.
The plans were submitted to Crossrail, which has overall responsibility for the railway, before a 1 September deadline for their delivery, known as Key Date 1. Sources close to Network Rail have said that the total cost for works has been put at £2.3bn.
Crossrail will now evaluate the submission and report back to Network Rail by 31 December 2010. Crossrail is due to open in 2017.
Network Rail’s Crossrail programme director Robbie Burns said: “We have delivered what we believe is an affordable costs package to Crossrail for the surface works, on time and under budget. Value for money is a key element of the Network Rail submission and we have worked closely with Crossrail to make that so. Network Rail will continue to work with Crossrail so that the surface works are as cost effective as possible.”