£200m Cross­rail con­tri­bu­tion

Rail (UK) - - Network News -

The City of Lon­don Cor­po­ra­tion paid the De­part­ment for Trans­port £200 mil­lion on March 30 as its con­tri­bu­tion to­wards the Cross­rail project. The Cor­po­ra­tion agreed to pay the fee in 2007, in recog­ni­tion of the im­por­tance of Cross­rail to the city.

The funding was con­tin­gent on com­ple­tion of the ticket hall boxes at Lind­sey Street (Far­ring­ton sta­tion) and Broadgate (Liver­pool Street), the Moor­gate shaft and Stock­ley Viaduct. With these now com­plete, the funding has been re­leased.

Re­search con­ducted by the Cor­po­ra­tion sug­gests that an ad­di­tional 63,000 jobs in the City and Isle of Dogs will be cre­ated by Cross­rail.

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