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Cross London Rail Links Ltd

Cross London Rail Links Ltd. Crossrail the Challenge. Keith Berryman 20 December 2005. Map1. The Scheme. Crossrail Capital Cost. Map1. Geographic Breakdown. Eastern Section. Central Section. Western Section. Depot. South East Section. Map1. Capital Cost by Section (£bn.). 0.6 0.8

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Cross London Rail Links Ltd

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  1. Cross London Rail Links Ltd

  2. Crossrail the Challenge Keith Berryman 20 December 2005

  3. Map1 The Scheme

  4. Crossrail Capital Cost

  5. Map1 Geographic Breakdown Eastern Section Central Section Western Section Depot South East Section

  6. Map1 Capital Cost by Section (£bn.) 0.6 0.8 1.3 4.8 6.4 10.6 1.2 1.6 2.7 0.2 0.3 0.4 0.9 1.2 2.0

  7. ‘On Network’ works £1.8 bn (perhaps carried out by Network Rail) Depot (perhaps part of Rolling Stock lease) £0.2 bn Central area systems (perhaps leased) £0.8 bn Central area civil infrastructure £4.8 bn NB: All capital cost point estimates excluding contingency in 1Q02 prices Horizontal Cost Breakdown

  8. Value of the Branches • Central Infrastructure provides capability, branches create the demand/revenue. For instance: • Central Section + Shenfield Branch + Depot • Cost £5.6 bn (73% of the total scheme) • Delivers about 50% of benefits • A reduced scheme offers proportionately less benefit.

  9. Typical operating income (5 years after opening) Annual Revenue* (gross) £485m Abstraction*(from existing services) £259m Annual Revenue*(net) £226m Possible annual increase in tax revenue* £62m (1Q02 prices), For details refer to: www.crossrail.co.uk/aboutus/economicappraisal Operating Income

  10. From National Rail £148m From London Underground £96m From others (DLR, buses etc.) £15m Abstraction (annual figures)

  11. £billion PV Capital Cost 10.6 Maintenance Costs 1.6 Operating Costs 1.7 Less Transport Revenue -6.1 Plus tax loss (switch to tax free public transport) 1.2 Total Cost to Government 8.9 Transport Economic Benefits 16.1 Benefit Cost ratio 1.8:1 Transport Economic Case

  12. Crossrail enables employment growth in London otherwise constrained by lack of transport capacity, with the approximate results: 35,000 extra Central London Jobs Increased output at £10bn PV GDP growth. Increase productivity of all jobs £3bn PV GDP growth. Increases government tax revenues. But Significant Wider Economic Benefits

  13. Olympics: Managing the relationship. Cost and Risk: Reducing cost and improving confidence. Interfaces: Managing the physical and contractual risk at the project boundaries. Capacity: Planning for industry and market capacity. Affordably: Developing a scheme that can be funded. Challenges

  14. Hybrid Bill: Royal Assent early/mid 2007. Traditional Transport Economic Case proven, wider benefits are gaining recognition. Secretary of State has committed funding to the Development Phase. Project focused on improving certainty of scope, programme and cost. Working with our Sponsors to develop a robust and affordable funding strategy. Current Activity

  15. END Cross London Rail Links Ltd

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