[x-posted to uk.transport.london]
[original thread on uk.railway]

On Sep 8, 8:59*am, JP wrote:
EU has lent £1bn towards Crossrail according to Mayor Boris

Excerpt from today's TfL press release:

"The Crossrail project received a major boost today as Transport for
London (TfL) announced that it has agreed a £1bn loan with the
European Investment Bank (EIB) to finance part of their contribution
to Europe's largest construction project."

Read the rest of it he
http://www.tfl.gov.uk/corporate/medi...tre/12515.aspx

Apparently it is "one of the largest loans ever secured for a
transport project".

Of course the big hurdle that Crossrail has yet to pass is the
comprehensive public spending review that's going to be instituted by
Cameron and Osbourne when they inevitably gain power next year.