The London Assembly has reacted to the short term repayable financing allocated by the government for Crossrail, describing it indicative of the potential ‘shambles’.
It comes after the Minister of State at the Department for Transport (DfT), Jo Johnson, announced in a statement to Parliament that £350 million short term repayable financing has been made available for Crossrail.
Described as “an interim measure,” the money can be used by the Mayor of London for 2018/19.
It comes soon after an urgent Board meeting held by Transport for London (TfL), which had only Crossrail on the agenda.
The London Assembly hold serious concerns about Crossrail, after a nine-month delay to the opening of the Elizabeth line.
And Caroline Pidgeon MBE AM, Chair of the London Assembly Transport Committee, spoke in response to the allocation of the new investment.
She believes more information is needed about the work that remains, given that the new opening date is autumn.
“We welcome this announcement by the government, but it is only a sticking plaster to keep the project going.
“Londoners need to know what work is left to open the line, how much this will cost and ultimately who will pick up the tab. This is a joint project with government and all partners need to pay their fair share.”
Gareth Bacon AM, Chairman of the London Assembly Budget and Performance Committee, went even further; although he welcomed the funding to help complete the project, but still feels “serious questions” must be answered.
He said: “The public will be dismayed that yet again mismanagement of this project has meant an extra injection of taxpayers’ money, which TfL will have to pay back.
“While we welcome the decision to enable the project to go forward as soon as possible, TfL and the Mayor have serious questions to answer about the shambles that is unfolding.”