Updated costings for Network Rail’s programme show that the costs are now forecast at around £2.8 billion. The additional costs are the result of some work taking longer than planned and have been managed by Network Rail from within its own internal budgets. No further funding has been provided from Government, and this has not had an impact on any other programmes.
Further details on Crossrail Limited’s funding and finances in the period to 29 May 2019 are set out in the table below....
Total funding amounts provided to Crossrail Limited by the Department for Transport and TfL in relation to the construction of Crossrail to the end of the period (22 July 2008 to 29 May 2019) £13,165,913,790
Expenditure incurred (including committed land and property spend not yet paid out) by Crossrail Limited in relation to the construction of Crossrail in the period (30 May 2018 to 29 May 2019) (excluding recoverable VAT on Land and Property purchases) £1,481,243,170
Total expenditure incurred (including committed land and property spend not yet paid out) by Crossrail Limited in relation to the construction of Crossrail to the end of the period (22 July 2008 to 29 May 2019) (excluding recoverable VAT on Land and Property purchases) £13,958,459,007
The amounts realised by the disposal of any land or property for the purposes of the construction of Crossrail by the Secretary of State, TfL or Crossrail Limited in the period covered by the statement. £143,778,674