Network Rail has agreed that it will deliver its work on the £14.5bn Crossrail project for no more than £2.3bn.
Network Rail is responsible for the elements of the Crossrail project which are above ground and contained within the existing network. This includes modifications at 27 surface stations, provision of power for the new rolling stock including overhead lines, and the building of a new, larger flyover at Stockley in Hillingdon to enable Crossrail services to operate to Heathrow.
The total funding envelope available to deliver Crossrail is £14.8bn. The Crossrail route will pass through 37 stations and run 118 km from Maidenhead and Heathrow in the west, through new twin-bore 21 km tunnels below central London to Shenfield and Abbey Wood in the east.
When Crossrail opens it will increase London’s rail-based transport network capacity by 10%, supporting regeneration and cutting journey times across the city. Crossrail services are due to commence through central London in 2018.
Crossrail is being delivered by Crossrail Limited (CRL). CRL is a wholly owned subsidiary of Transport for London. Crossrail is jointly sponsored by the Department for Transport and Transport for London.