It's Not the City That Is Holding Up Crossrail ; Ministers Want Big Business to Pay More Towards the Funding of Crossrail. But They Ignore the Benefits It Will Bring to All, Says Corporation of London's Policy Chairman

Evening Standard - London › September 25, 2007

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Summary

THE CITY has always been firmly behind Crossrail, and I have personally been involved in pressing the case for more than a decade. So recent suggestions that we were being unhelpful came as some surprise to me. The City and its businesses are utterly committed to Crossrail. We're prepared to pay our share. But we're not going to hand the Government a blank cheque. Be in no doubt for a start: we need Crossrail and it is worth paying for.

London's most important piece of new transport infrastructure for a generation is needed as soon as it is possible to get it built needed not just by the City and Canary Wharf, but also by anyone who uses the Tube or any other key public transport artery through the capital.

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Extract

It's Not the City That Is Holding Up Crossrail ; Ministers Want Big Business to Pay More Towards the Funding of Crossrail. But They Ignore the Benefits It Will Bring to All, Says Corporation of London's Policy Chairman

Business travellers will benefit hugely from a fast link from Heathrow to Canary Wharf via the City and the West End but so will everyone else.

And with London contributing 20 billion sterling a year net to the UK economy, the UK will benefit, too. Overall, Crossrail will ...

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