by Patrick Reynolds
Potential backers of the £2.5 billion Crossrail scheme are to
meet within the next two weeks in a bid to drive ahead plans for
the stalled project.
But sources involved in promoting Crossrail said that
reorganisation of London Underground and the setting up a new
city-wide authority for the capital could further delay the project
until 2001.
Plans to build Crossrail were resurrected four months ago when the
local authority for the City, the Corporation of London, revealed a
new business case for the scheme. The project was originally
developed jointly by LU and British Rail but shelved by the
Government in the early 1990s (CJ 6 May).
LU has kept a caretaker role of the Crossrail design materials and
runs a dedicated, but small, Crossrail project team.
Railtrack took over BR's involvement but its input has been nominal
so far, despite a request from the Government for its views on the
dormant scheme. The Corporation hopes to win Railtrack's backing
for its business case.
Civil servants requested briefings from the Corporation on its
City-backed studies, and financiers have been keen to set up a core
group of promoters.
The briefings to officials in the Department of Environment,
Transport and the Regions ended in the middle of August.
Feedback from the civil servants' briefings will be fed into the
talks with potential promoters, organised by the Corporation for 28
September.
Both Railtrack and LU are expected to attend the summit talks along
with likely Crossrail supporters from the City and industry.