Scrap taxpayer finance plan for Crossrail trains

To overturn the plans to scrap private finance plan for crossrail trains, as indicated by news article:

"LONDON (Reuters) - Britain has ditched a plan to use private sector money to fund the building of trains for its 16 billion pound Crossrail project, putting taxpayers on the hook for an extra 650 million pounds.

Crossrail, a new railway link under central London, is Europe's largest infrastructure project and is set to cost 14.8 billion pounds, plus a little more than 1 billion pounds to build the trains themselves, of which 350 million pounds was originally going to come from the public sector.

Transport for London (TfL), a public authority partly funded by the Department for Transport, said that the money would mostly come from extra borrowing on its balance sheet.

It blamed a tough market for infrastructure funding, which it said meant that it needed to use public money to ensure that the project is delivered on time."

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Currently ranked 42,780 out of 107,494 petitions ever created.

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Created By

Simon Quarry

Created On

Friday 1 March 2013

Closing Date

Tuesday 4 March 2014

Tagged With