Network Rail has announced that Crossrail can be delivered quicker and cheaper than previously estimated, after completing costing and planning for the surface works.
The rail infrastructure operator has submitted detailed costs and plans for designing, developing and delivering the above ground parts of the £16bn project to Crossrail.
It said: “Extensive modeling and planning has gone into the submission, and cost savings have been identified in areas such as quicker ways to build parts of the scheme.
“Not only will this save money, it will also mean less disruption for passengers as it is built – a win for everyone involved.”
Robbie Burns, programme director, Network Rail, said: “We have delivered what we believe is an affordable costs package to Crossrail for the surface works, on time and under budget. Value for money is a key element of the Network Rail submission and we have worked closely with Crossrail to make that so. Network Rail will continue to work with Crossrail so that the surface works are as cost effective as possible.”
Rob Holden, Crossrail chief executive added: “Crossrail continues to make significant progress with work now underway at Bond Street, Canary Wharf, Farringdon, Paddington and Tottenham Court Road.
“Crossrail is not just about building new tunnels and stations but also involves a major upgrade to the existing rail network. Network Rail’s costs for surface works will be a key component of Crossrail’s updated delivery cost submission to government and Transport for London as project sponsors later this year.”
Crossrail will now evaluate Network Rail's costs and plans, and report back by 31 December 2010.