London Assembly welcome for Crossrail 2 cash from Government
Funding to pay for a Crossrail 2 study is being welcomed by London Assembly members to help kickstart the economy.
They are calling for the green light to get it started, even though Crossrail 1 linking east London with Heathrow is still five years away from opening.
Crossrail 2 would reduce overcrowding on the Underground and rail network and make trains more reliable, the Assembly’s transport committee says.
It would increase rail capacity and bring benefits up to £49 billion, it is suggested.
Passenger numbers on the Tube previously predicted for two decades ahead might be reached within the next seven years because of rising population.
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The committee is backing investment in Crossrail 2, in its response to TfL and Network Rail’s consultation, and has welcomed the government’s decision to give £2 million for a feasibility study.
Members are urging the Mayor of London to develop “fair funding” so that those benefiting from Crossrail 2 contribute towards its construction, including home-owners capitalising on rising land values.
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