There are several items in the Chancellor's spending review that affect
transport in London, including Goblin electrification, WA suburban lines
devolved to the mayor, the Crossrail 2 study but an 8.5% reduction in
central government's grant to TfL:

From: http://www.bbc.co.uk/news/uk-england-london-23060325

The government is to "look at the case for" Crossrail 2 in London and give
the mayor almost £9bn of capital spending and extra financing power by
2020.

The funding was announced in the chancellor's Spending Review.

The government will provide £2m funding for a feasibility study into the
£12bn Crossrail train line spanning London, the BBC understands.

It is hoped the line running from the south-west to the north-east of
London will be operational by the 2030s.

London Mayor Boris Johnson said: "Today's announcement shows that the
government recognises the vital importance of continued investment into
London, representing good news not just for Londoners, but for the wider UK
economy, with the capital being a key driver of growth across the country."

'Hard but fair'
The mayor's office said it had secured the following commitments from
Chancellor George Osborne:

.. West Anglia suburban rail services to be devolved to the mayor and
Transport for London
.. £500m borrowing guarantee to support housing and transport infrastructure
in Tottenham
.. £90m commitment to carry out electrification of the Gospel Oak to Barking
Overground line

But City Hall said the Transport for London (TfL) grant from government is
to be cut by 8.5% - adding it was a "hard but fair settlement".

TfL will get a six-year funding settlement of more than £1.6bn a year, the
BBC understands.

City Hall has said TfL will be able to make savings on being able to award
longer contracts.

Mr Johnson said: "Transport for London will continue to drive its major
programme of efficiencies and savings to demonstrate value for the
taxpayer."

On 2013-06-26 15:02:42 +0000, Recliner said:

The government is to "look at the case for" Crossrail 2

Local politicians round my way are already going bonkers that Essex
Road looks like it's been written off.

E.

In article ,
(Paul Corfield) wrote:

On Wed, 26 Jun 2013 10:02:42 -0500, Recliner
wrote:

The government will provide £2m funding for a feasibility study into the
£12bn Crossrail train line spanning London, the BBC understands.

Danny Alexander confirmed this this morning that CR2 would only
proceed if the Mayor can find at least 50% private sector funding. The
context was to avoid London having all the transport investment
monies.

No chance then! What's the private sector funding percentage of Crossrail 1?

--
Colin Rosenstiel

wrote:
In article ,
(Paul Corfield) wrote:

On Wed, 26 Jun 2013 10:02:42 -0500, Recliner
wrote:

The government will provide £2m funding for a feasibility study into the
£12bn Crossrail train line spanning London, the BBC understands.

Danny Alexander confirmed this this morning that CR2 would only
proceed if the Mayor can find at least 50% private sector funding. The
context was to avoid London having all the transport investment
monies.

No chance then! What's the private sector funding percentage of Crossrail 1?

May not be 50%, but it's not insignificant, either. Presumably the way to
do it is to get property developers along the route to contribute more.

Paul Corfield wrote:
On Thu, 27 Jun 2013 18:26:28 -0500,
wrote:

In article ,
(Paul Corfield) wrote:

On Wed, 26 Jun 2013 10:02:42 -0500, Recliner
wrote:

The government will provide £2m funding for a feasibility study into the
£12bn Crossrail train line spanning London, the BBC understands.

Danny Alexander confirmed this this morning that CR2 would only
proceed if the Mayor can find at least 50% private sector funding. The
context was to avoid London having all the transport investment
monies.

No chance then!

Oh I'm not so sure you know. I think something could be pulled
together but it will not be easy. If private money is brought in they
might actually demand a more rational approach to the route which is,
IMO, bizarre especially in North / North East London. There might be
some merit in getting some private sector efficiency involved in
getting the route and construction/operating methodologies to be as
cost effective as possible.

The other thing is how impacts on Network Rail and TOCs are funded and
who is accountable for that.

What's the private sector funding percentage of Crossrail 1?

http://www.crossrail.co.uk/about-us/...g#.UczMckJwbIU

Not 50% but there are some large-ish contributions plus the
infrastructure levy.

One problem for Crossrail 2 is that it doesn't pass through the most
valuable business districts (the City, Canary Wharf, etc), nor a major
airport, so its value to property owners and developers may not be as high.
Perhaps NR would contribute, as a way of avoiding a Waterloo rebuild?

In article ,
(Paul Corfield) wrote:

On Thu, 27 Jun 2013 18:26:28 -0500,
wrote:

In article ,
(Paul Corfield) wrote:

On Wed, 26 Jun 2013 10:02:42 -0500, Recliner
wrote:

The government will provide £2m funding for a feasibility study into
£12bn Crossrail train line spanning London, the BBC understands.

Danny Alexander confirmed this this morning that CR2 would only
proceed if the Mayor can find at least 50% private sector funding. The
context was to avoid London having all the transport investment monies.

No chance then!

Oh I'm not so sure you know. I think something could be pulled
together but it will not be easy. If private money is brought in they
might actually demand a more rational approach to the route which is,
IMO, bizarre especially in North / North East London. There might be
some merit in getting some private sector efficiency involved in
getting the route and construction/operating methodologies to be as
cost effective as possible.

The other thing is how impacts on Network Rail and TOCs are funded and
who is accountable for that.

What's the private sector funding percentage of Crossrail 1?

http://www.crossrail.co.uk/about-us/...g#.UczMckJwbIU

Not 50% but there are some large-ish contributions plus the
infrastructure levy.

Agreed, but there is still a lot of new development going on in Docklands,
unlike on the Crossrail2 alignment.

--
Colin Rosenstiel

wrote:
In article ,
(Paul Corfield) wrote:

On Thu, 27 Jun 2013 18:26:28 -0500,
wrote:

In article ,
(Paul Corfield) wrote:

On Wed, 26 Jun 2013 10:02:42 -0500, Recliner
wrote:

The government will provide £2m funding for a feasibility study into
£12bn Crossrail train line spanning London, the BBC understands.

Danny Alexander confirmed this this morning that CR2 would only
proceed if the Mayor can find at least 50% private sector funding. The
context was to avoid London having all the transport investment monies.

No chance then!

Oh I'm not so sure you know. I think something could be pulled
together but it will not be easy. If private money is brought in they
might actually demand a more rational approach to the route which is,
IMO, bizarre especially in North / North East London. There might be
some merit in getting some private sector efficiency involved in
getting the route and construction/operating methodologies to be as
cost effective as possible.

The other thing is how impacts on Network Rail and TOCs are funded and
who is accountable for that.

What's the private sector funding percentage of Crossrail 1?

http://www.crossrail.co.uk/about-us/...g#.UczMckJwbIU

Not 50% but there are some large-ish contributions plus the
infrastructure levy.

Agreed, but there is still a lot of new development going on in Docklands,
unlike on the Crossrail2 alignment.

That's certainly true, so it would be a useful test of whether
mega-projects like this actually stimulate new projects in hitherto
moribund areas, rather than just supporting existing developments. All in
all, the government's stance seems sensible.