Uncertainty about how Crossrail will repay loans – MP report

The Crossrail project is facing a £150 million funding gap and may struggle to repay its loans due to the drop in passenger numbers on the London Underground, a report by Parliament’s Public Accounts Committee (PAC) is warning.
Crossrail’s £18.8 billion estimated cost is being funded by a mix of debt borrowed by TfL, developer contributions, and a mix of grants and loans from the Department for Transport. As costs rose above the original £15.9 billion estimate (late