All clear for Crossrail, as funding is agreed

The government has agreed a further tranche of support for Crossrail, after there had been warnings that the project would have to be mothballed because Transport for London has a continuing cash problem and cannot pay for further work itself. Mayor of London Sadiq Khan said: ‘Securing this financing package enables us to press full steam ahead. The Government have insisted London must pay the shortfall – despite the overwhelming majority of the tax income that will result from Crossrail going to the Treasury.’