The Government is to fund the development of a business case for Crossrail 2, the proposed new rail line across central London, connecting lines in the south-west with north-east.
The Chancellor’s pledge comes as a study for TfL by consultant PwC put a £27.5bn cost on the project (2014/15 prices) and suggested the Government may have to fund at least half of it.
“I want a serious analysis of potential costs and timescales, to be ready ahead of the spending review...
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