In August 2020, Crossrail Ltd announced that up to £1.1 billion of further funding would be needed to complete the programme. In December 2020, the government agreed to loan the Greater London Assembly (GLA) £825 million to complete the programme, which represented the limit of what the GLA could prudently borrow.32 This additional funding brought total funding for Crossrail Ltd to £15,790 million.33 To date, the Department has provided £2,875 million of loans to Crossrail Ltd to complete the...

In August 2020, Crossrail Ltd announced that up to £1.1 billion of further funding would be needed to complete the programme. In December 2020, the government agreed to loan the Greater London Assembly (GLA) £825 million to complete the programme, which represented the limit of what the GLA could prudently borrow.32 This additional funding brought total funding for Crossrail Ltd to £15,790 million.33 To date, the Department has provided £2,875 million of loans to Crossrail Ltd to complete the Crossrail programme These loans are: £750 million to TfL in December 2018; £1,300 million to the GLA in December 2018; and an additional £825 million to Type: conclusion | Number: 12 | Response status: not_addressed Government response: 1.4 Crossrail Ltd is taking steps to deliver Crossrail within the available funding. Crossrail’s current forecast is currently £151 million above the £825 million funding package agreed in December 2020. The programme remains within the £1.1 billion of additional