Commons Sense

House of Commons · Written Ministerial Statement

Rail Update

01 December 2020 · Department for Transport

Proposed by Grant Shapps Con Welwyn Hatfield

Transport

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The UK government will provide 825 million to the Greater London Authority to support Crossrail's completion.
  • This funding will be repaid through London's Business Rate Supplement and the Mayoral Community Infrastructure Levy.
  • The government maintains its commitment to financing Crossrail's completion, with London bearing any additional costs.

Issue summary

The statement discusses the provision of additional funds for Crossrail's completion in London.

Action requested

£825 million will be made available to the Greater London Authority (GLA) through additional borrowing, to be repaid via London’s Business Rate Supplement and the Mayoral Community Infrastructure Levy. The government remains committed to financing Crossrail's completion, with London responsible for any further costs.

Key facts

  • £825 million of additional borrowing announced.
  • GLA will repay the loan via London’s Business Rate Supplement and the Mayoral Community Infrastructure Levy.
  • The project is set to continue being funded.
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