Scrap taxpayer finance plan for Crossrail trains

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Scrap taxpayer finance plan for Crossrail trains

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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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