KHOODEELAAR! updating questions on Crossrail funding on the day of Darling's appearance allegedly to show his reliability [291]
This [below] is what the ECONOMIST said in September 2008
"
The final option is to divert cash from other projects. One possible sacrifice is Crossrail, a £16 billion scheme to link the east and west of the city with a new rail line that was given the go-ahead last year. Boris Johnson, London’s newly installed mayor, is opposed to the idea, saying in July that Crossrail and the Tube upgrade are “co-equal” priorities. But financially the prospect is tempting: Tony Travers, an economist at the London School of Economics, points out that a business tax designed to pay for Crossrail is not ring-fenced and could be diverted for a few years to plug the funding gap in the Tube upgrade. But delaying Crossrail yet again would be embarrassing too: it was first proposed in 1989 and its frequent postponements have become a running joke.
"
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment