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Sunday, June 16, 2024

Crossrail rolling stock to receive funding guarantee

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The Government has guaranteed private funding for the £1 billion Crossrail rolling stock order to ensure carriages are delivered to the network on time.

In a speech to the Liberal Democrats autumn conference in Brighton today, Chief Secretary to the Treasury Danny Alexander will name Crossrail as the first project to be offered a new government guarantee designed to drive forward key infrastructure projects.

Alexander said: “Difficulties raising the necessary private funding in the market could delay their delivery.”

Former Transport Secretary Justine Greening announced the start of the procurement process for the order, which includes a depot and 60 trains, earlier this year. Interested companies include Siemens, Bombardier, CAF and Hitachi – which was awarded the £4.6 billion IEP contract in July.

Each Crossrail train will be around 200 metres in length and able to carry up to 1,500 passengers.

The £15 billion network will ultimately connect 37 stations across London and the South East, extending from Maidenhead in the West to Canary Wharf in the East.

You can follow the progress of the Crossrail Tunnel Boring Machines (TBMs) here.

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