Car Transport Home
Free Auto Transport Quote
  Web Movetransport
Auto Transport
Home About us Get A Quote News & Event Auto transport forum FAQ Auto Theft Links Sitemap


Tuesday, November 4, 2008

Major Boost for Crossrail as BAA Agree £230m Funding

Crossrail took a significant step forward today thanks to the agreement of a £230 million funding package from BAA, Transport Minister Andrew Adonis and BAA's Strategy Director Mike Forster have announced.

In return, Crossrail will guarantee a fast train service four times an hour for the majority of the day. This will provide direct services from Heathrow airport through central London, the City and Canary Wharf and out to Shenfield and Abbey Wood.

The construction and implementation of Crossrail will also provide a boost of at least £20 billion to the UK economy and generate an extra 30,000 jobs.

Transport Minister Andrew Adonis said:

"Crossrail is the largest addition to the transport network in 50 years, and today's announcement that BAA have confirmed a £230 million funding package for the project represents a major step towards its delivery. Business has long been a strong advocate for Crossrail and this is borne out today.

"Trains will run four times an hour for most of the day - cutting journey times across London and the South East and significantly improving rail access to Heathrow for thousands of passengers and airport workers every day.

"This is a hugely important scheme for the country. Its implementation will help to generate new jobs, and so support the economy, as well as assist the revitalisation of some of London's most deprived areas by offering them a fast and reliable connection to the rest of the city."

Mike Forster, BAA's Strategy Director, added:

"We are delighted to support the Crossrail scheme, which demonstrates our commitment to improving public transport access to Heathrow. This vital new link will directly connect the City and Canary Wharf to the airport, complementing our existing Heathrow Express service and taking thousands of cars off the roads. Crossrail will be crucial in keeping London and the UK globally competitive."

Mayor of London Boris Johnson said:

"The agreement with BAA is very welcome news and underlines the commitment that businesses, as well as TfL and the Government, are showing towards delivering the funding package for Crossrail.

"This is another significant step forward in preparing for the construction of this landmark new railway. Works have already begun at Tottenham Court Road station and the contracts to design and build the multi-billion pound project are all on track to be awarded by spring 2009. All parties are committed to Crossrail's success, and together we will deliver it on time and on budget."

The new line will run from Maidenhead and Heathrow in the west through new tunnels under central London to Shenfield and Abbey Wood in the east. New stations will be created at Paddington, Bond Street, Tottenham Court Road, Farringdon, Liverpool Street, Whitechapel and the Isle of Dogs (Canary Wharf). Passengers will benefit from reduced journey times to Heathrow as Crossrail will provide direct rail services for the first time from the key business centres across central London.

Crossrail is on track to be operational in 2017, providing a 10% rail-based increase in public transport capacity across London and faster services for passengers. In a ground-breaking deal the £15.9 billion project will be funded by both Government and the businesses that are set to benefit from it. BAA's funding announcement today demonstrates the commitment of the business community to this unique project.

The legislation that allows Crossrail to progress was given Royal Assent in July this year, with work to begin in earnest in 2010.


posted by transport blogs @ 3:01 AM permanent link   | Post a Comment |




Slide Show


Previous Posts
  • New Swindon Rail Terminal to cut congestion and ca...
  • Georgia's '411 Connector' Reaches Major Milestone
  • Bus Firm Stepping Green Credentials Up A Gear
  • U.S. Secretary of Transportation Announces $679 mi...
  • South Carolina's I-73 Reaches Major Milestone; Fed...
  • San Francisco Will Receive $87 Million for Easier ...
  • News Digest
  • FRA Issues Final Rule on Advanced Train Braking Te...
  • U.S. Transportation Deputy Secretary Announces New...
  • U.S. Transportation Deputy Secretary Announces New...



  • January 2008
  • March 2008
  • April 2008
  • May 2008
  • June 2008
  • July 2008
  • August 2008
  • September 2008
  • October 2008
  • November 2008
  • December 2008
  • January 2009
  • February 2009
  • March 2009
  • April 2009
  • May 2009
  • June 2009
  • October 2009

    All American Highway Gallery

    All American Highway History photo library is an apt place where you can have access to the information of the different highways of the cities in USA. Read More...

    Traffic Road Signs

    Traffic signs give you important information about the law, warn you about dangerous conditions and help you find your way. Read More...

    Welcome to! You can locate all your auto transport and car transport needs with us, as we are the premier auto transport company specialize in not only offering guaranteed services, but also well-known for the reliable price offered. Whether you are looking for car shipping, auto transport or any other kind of vehicle transport, you will not find a better alternative then All America auto transport! Don't forget to bookmark our site in case you wish to come back!