Sadiq Khan blasts government for ‘forcing London to pay twice’ for Crossrail delay December 11, 2018 Transport for London (TfL) has admitted its fare income will be £2.1bn lower than expected as it battles a "perfect storm" of pressures on its finances. In its business plan for 2019-20 to 2023-24, TfL said a “subdued” economy and a £700m reduction in central government funding for challenges facing the organisation. It said fare revenue [...]
Nearly 300,000 homes could be built in Greater London above rail tracks, says new research December 11, 2018 Untapped space above London’s railways tracks could pave the way for as many as 280,000 new homes, according to new data that comes amid growing calls to tackle the capital’s housing shortage woes. Almost 2,500 hectares of land on top of Greater London’s train, overground and Tube lines could be freed up, a report by [...]
Crossrail crisis escalates as TfL confirms up to £2bn cost overrun and possible delay to 2020 December 10, 2018 The crisis facing Crossrail deepened today after Transport for London (TfL) admitted that the delayed project could need an extra £2bn in rescue funding to stay afloat. The Elizabeth Line, which will stretch from Heathrow in the west to Abbey Wood in the east, was projected to cost £15.4bn and to open by 9 December [...]
Sadiq Khan slams Westminster Council for pulling out of £80m TfL Oxford Street redevelopment plans December 6, 2018 Sadiq Khan has slashed £80m of funding from Westminster City Council (WCC) for redeveloping Oxford Street, after finding out the council had ditched joint plans with Transport for London for the project in favour of its own £150m proposal. In a letter seen by City A.M., addressed to council leader Nickie Allen, the mayor of [...]
Crossrail boss Terry Morgan resigns after Sadiq Khan spat December 5, 2018 The chairman of Crossrail and HS2 has resigned from both roles following a dispute with mayor Sadiq Khan over delays and spiralling costs. Terry Morgan admitted last week he expected to be sacked amid rising costs and opening delays to both the Crossrail and HS2 projects. Morgan, who has led Crossrail for almost a decade, [...]
Sadiq Khan hits back at Terry Morgan over Crossrail comments December 3, 2018 Sadiq Khan has hit back at Crossrail chairman Terry Morgan over comments he made about what the mayor knew about the project’s delay. The soon-to-be-sacked Morgan told the BBC earlier today that he was in “absolutely no doubt” that Khan was told on 26 July that it was no longer feasible to deliver Crossrail, also known [...]
Crossrail chairman Terry Morgan ‘in no doubt’ that Sadiq Khan was told about project delay in July December 3, 2018 The soon-to-be sacked HS2 chairman Terry Morgan has insisted he told Sadiq Khan that the £15.4bn Elizabeth Line was not going to open on time at least a month before the London mayor said he knew about the delay. Morgan, who has led the Crossrail project for a decade, told the BBC that he was in "absolutely no [...]
Sadiq Khan accused of ‘letting down’ Londoners on affordable housing targets November 28, 2018 Sadiq Khan has been accused of "letting down" Londoners after new figures reveal that only 2,400 affordable homes have been built in the first six months of this year, far below the mayor's annual 14,000 target. The London Assembly, which scrutinises the mayor, has released its annual affordable housing monitor which also claims that in 2016-17, Khan's [...]
Shaun Bailey to stand in 2020 London Assembly elections despite bid to take on Sadiq Khan for mayor November 26, 2018 Conservative mayoral candidate Shaun Bailey hopes to keep his place on the London Assembly if he is unable to win the top job at City Hall, City A.M. can reveal. Parties in the London Assembly are currently selecting candidates for the next election, which is due to take place in 2020. Bailey is among a [...]
Sadiq Khan faces fresh scrutiny over Crossrail delay after July dossier emerges November 25, 2018 London mayor Sadiq Khan is facing fresh questions over what he knew about the delay to Crossrail following the emergence of a dossier from July that indicated the £15.4bn project would not open on time. Khan has repeatedly said that he was only informed of the delay two days before it was made public on 31 August, [...]