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Crossrail to halt new lines
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09 October 2007
Passengers also face long-term fare rises, Mayor Ken Livingstone admitted today.
Money the Government would normally give to the capital will instead be directed towards the £16billion high-speed line, linking Heathrow with the City, Canary Wharf and beyond.
Projects unlikely to proceed include a spur of the East London Line to Clapham Junction, the extension of the Croydon Tram-link to Crystal Palace, and the proposed Docklands Light Railway route linking Barking Riverside and Dagenham.
Another fear is that Transport for London may not receive all the money it needs to compensate for the collapse of Tube maintenance consortium Metronet. TfL has set aside about £1billion to keep the Tube running while the Metronet contracts are retendered.
The Mayor said the Government was providing almost £5.5billion towards the cost of Crossrail, which is due to be completed in 2018.
The rest is being split between the Mayor, using projected income from premium fares, and business.
He said the scale of the financial "black hole" caused by the collapse of Metronet would not be fully apparent until February or March.
"All our projects we wish to do up until 2010 we have the funding for," he said. "Things we would have liked to do after 2010, most notably the West London Tram, there is no question of being able to do that."
By law, fares linked to travelcards have to rise by one per cent above inflation each year. Mr Livingstone said there would not be an immediate increase as a result of Crossrail but he could not rule this out after 2010. He said: "I would be lying to you if I didn't think there would be some pressure on fares."
Under the deal struck with the Government, TfL will bear the risk of building Crossrail. Mr Livingstone said he expected to have an "intense debate" with BAA about the possible integration of the Heathrow Express into the line.
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