Crossrail 2 An essential piece of national infrastructure What is 2?

A proposed new railway serving and the South East, would run underground between Wimbledon and and , connecting with existing networks in and .

Crossrail 2 would transform travel in the region, improve connectivity throughout the UK and support other major national transport projects, such as HS2. It is an important part of a national programme of transformational infrastructure investment which will provide for a prosperous and productive future for the whole country. Crossrail 2 would be an essential piece of this programme, unlocking tens of thousands of new jobs and homes, and driving economic growth across the UK.

‘For the capital to remain globally Why do we competitive there needs to be need Crossrail 2? continued investment in our transport Cities increasingly rely on their transport systems and London is network and that’s why we have to get no exception. For more than 150 years the rail and Underground London’s cracking on planning for Crossrail 2.’ network has connected people with homes, jobs, services and all population is that the capital has to o er, creating economic prosperity for the , benefit of the whole nation. set to soar from

As a city expands, it’s vital that its infrastructure grows with it. 8.6 million today London’s population is set to soar from 8.6 million today to more than to more than 10 10 million by 2030 – equivalent to the population of . An extra 1.4 million people will mean five million more journeys each million by 2030. day, on top of the 26 million daily trips already taking place on the capital’s network.

Driving future prosperity This rise in demand will inevitably put pressure on London’s transport systems and its already squeezed housing supply. We must, therefore, invest in infrastructure projects – like Crossrail 2 – to increase capacity and unlock areas where new homes, jobs and communities can be created. If we delay our investment, it could jeopardise housing targets and slow job creation, putting the brakes on future growth.

Investment already under way – such as Crossrail 1, and the Tube upgrades – will relieve overcrowding in the coming years, but as London contines to grow, congestion will return.

New transport infrastructure takes a long time to plan, design and build, so work to develop Crossrail 2 needs to start now. This is the only way it can be engineered ready for construction to start in the early 2020s and services to begin in 2030.

2 3 Maintaining the UK’s Unlocking good quality position as a global homes to address London’s centre of trade housing crisis

Cities are the economic powerhouses of any nation and this is The high cost of living and shortage of good quality housing at especially true of London and the UK. As the country’s global city, By 2035, prices and rents people can a ord is widely recognised as one Crossrail 2 it attracts foreign direct investment and is responsible for almost the capital is of the biggest threats to the capital’s success. would breathe 25 per cent of our national GDP. projected to Families on low incomes have limited access to homes near life into new By 2035, the capital is projected to generate a tax revenue surplus transport links that allow them to get to jobs, while young people of £159bn* a year and the whole of the UK will benefit. However, generate a tax struggle to get on the housing ladder and companies are finding areas of it increasingly hard to retain talented sta . this can only be achieved if businesses have access to a large revenue surplus the capital pool of talented labour. Crossrail 2 would breathe life into new areas of the capital, for instance of £159bn* a the Upper Lea Valley, enabling and potentially accelerating the potentially services into the capital are heavily congested development of up to 200,000 new homes with ready-made access to and the Tube is carrying more passengers than ever. We are already year and the skilled jobs and opportunities across London. accelerating upgrading our Underground and rail networks, improving roads, whole of the the development running more buses and better integrating the rail network, New transport infrastructure is essential to unlocking opportunity as well as encouraging journeys by walking and cycling. But we UK will benefit. areas and the housing developments the capital so desperately needs. of up to 200,000 also need new infrastructure to relieve bottlenecks, for instance at Waterloo and Liverpool Street stations, and significantly boost new homes. transport capacity. For this reason, Crossrail 2 is an essential part of both and ’s future plans. ‘London’s housing crisis is damaging to UK competitiveness and eroding Bringing commuters closer Crossrail 2 would increase ’s rail capacity by more the agglomeration benefits that than 10 per cent (90,000 passengers per hour). This would bring hundreds of thousands more people within a one hour commute of are an important factor in London’s vital employment centres across the city, maintaining the capital’s international success. Crossrail 2 is attractiveness as a global investment centre. a vital part of the solution, helping Business leaders agree that this investment is needed – nine out of 10 ‘strongly support’ or ‘support’ Crossrail 2. A clear commitment to to open up potential areas for future the project in the Comprehensive Spending Review would give the development.’ private sector the confidence to continue investing in London for the long term, which would be good news for the economy. London Chamber of Commerce and Industry

* London’s Finances and Revenues, Centre for Economics and Business Research (Cebr), www.cityoflondon.gov.uk/economicresearch

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The safeguarded route

The route map below shows where Crossrail 2 stations could be located. No station or infrastructure locations have been finalised and more information will be shared with the public during a ENFIELD consultation planned for autumn 2015. New Southgate Alexandra Key Palace HARROW BARNET HARINGEY Stations Turnpike Lane Tottenham Hale HAVERING WALTHAM Seven Sisters FOREST National Rail REDBRIDGE Core tunnel portal HACKNEY ISLINGTON CAMDEN Safeguarded central Junction core of route Cheshunt Hackney Central BRENT BARKING & Regional scheme DAGENHAM - possible options HILLINGDON Euston St. Pancras TOWER NEWHAM HAMLETS Safeguarded option for WESTMINSTER Angel a future eastern branch CITY OF TfL Road network KENSINGTON LONDON & CHELSEA Alexandra New Southgate Palace Turnpike Lane Tottenham Hale Victoria Seven Sisters HOUNSLOW King’s Road GREENWICH HAMMERSMITH Chelsea & FULHAM SOUTHWARK Dalston Junction Hackney Central Euston St. Pancras Angel Tottenham Court Road Clapham Junction

King’s Road Victoria Chelsea Twickenham LAMBETH BEXLEY

WANDSWORTH Clapham Junction RICHMOND UPON Twickenham THAMES Wimbledon Broadway Wimbledon Tooting Broadway Kingston Hampton Wick Motspur Park Kingston Hampton Wick MERTON Motspur Park Surbiton KINGSTON Epsom UPON 6 THAMES BROMLEY 7

CROYDON

SUTTON

SURREY

Epsom Creating opportunities Providing value across the UK for the taxpayer

Crossrail 2 would benefit cities across the South East such as Crossrail 2 is estimated to cost approximately £27bn in today’s Cambridge, Portsmouth and Southampton by freeing up mainline Crossrail 2 prices. This includes new trains and National Rail improvements ‘Crossrail 2 rail routes into Waterloo and Liverpool Street. This would enable would give that are required even if the railway does not go ahead, and is a major these cities to prosper while supporting the whole of the region providing for possible risks. and better connecting the UK’s employment centres. businesses infrastructure Alternatives have been considered to address particular challenges, It is also vital to realise the benefits of projects such as HS2, the confidence but piecemeal interventions would be costly, cause significant project with supporting long-term growth in the Midlands and North. to invest in disruption and would not have the same transformational impact. the potential to Without Crossrail 2, passengers travelling from to London in just over an hour would have to spend the time they’ve jobs, skills Funding now, confidence for the future attract significant saved waiting for crowded Tube trains to take them to their Crossrail 1 generated significant wider funding sources, as would destination. Investment in major new transport infrastructure projects and innovation. this new railway. There is a strong business case for building Crossrail local funding such as Crossrail 2 would mean a stronger London and a stronger UK. 2 and it is clear that taxpayers would see a significant return on contributions.’ any investment. Development funding now would drive forward Investing in industry vital work so the project can be designed and planned, ready for London First In addition, Crossrail 2 would be part of a vital infrastructure pipeline construction to start by the early 2020s. Conversely, stop-start that would create orders up and down the country, giving firms investment would add costs and a ect long-term growth. the confidence to invest in jobs, skills and innovation. Crossrail 1 is generating enough work to support 55,000 jobs nationwide and London has a strong track record of developing innovative funding creating a legacy of apprenticeships and training. This new railway packages for major infrastructure projects to minimise general would build on that and ensure the UK’s newly developed skills base taxpayer contributions. To demonstrate how Crossrail 2 could – such as that created through the Tunnelling and Underground continue this trend and be a ordable to the UK taxpayer, we Construction Academy in , – does not go to waste. appointed PwC to carry out an independent funding and financing feasibility study*. This showed London could shoulder more than half the cost of building the scheme using existing funding sources, Supporting the UK economy as it is doing for Crossrail 1. We work with tens of thousands of North East A breakdown is shown below; it illustrates how local funding suppliers across the UK. The TfL and Crossrail awarded 25 contracts to sources would minimise Government contributions – the usual Crossrail 1 supply chain alone supports firms in the North East, including specialists in borehole drilling, source of funding for most major UK infrastructure projects. nearly 60,000 jobs outside the capital. engineering lubricants and waste removal. Crossrail 2 would provide new opportunities, supporting Funding mechanisms jobs around the UK Midlands and the North Connecting Crossrail 2 with HS2 Derby at Euston would make journeys 20% Project generated revenue around the UK faster and easier, Thousands of jobs in Britain’s rail and would support long-term industry manufacturing centre Business rate supplement growth across the country would be secured Enhanced Mayoral Community Infrastructure Levy 49.8% 15.2% Resale of land and property South East London Stansted Doubling of Mayoral Community Infrastructure Levy The 36,000 people who arrive into Cambridge Corridor London Waterloo every hour in the There would be improved 5.8% Council tax precept peak would benefit from increased connections to, from and between 5.8% Balance resilience and reliability on the locations in one of the UK’s South West Main Line fastest developing science and 1.9% technology clusters, home to 1.5% more than 1,400 businesses * Crossrail 2 Funding and financing study, PwC, www.crossrail2.co.uk/funding 8 9 Next steps

Work to progress Crossrail 2 is accelerating and will hit a series 250 metre of milestones this year. The safeguarded route (a revision of Investment now trains able to hold the Chelsea-Hackney line) was confirmed in March, an updated would allow us to business case will be submitted to Government this summer 72km and we will launch a consultation on more detailed proposals move forward at of tunnels 1,500 in the autumn. pace and unlock passengers each Work is currently under way to establish a single preferred route, jobs, homes and develop station designs and carry out environmental appraisals. We are also continuing to assess the case for Crossrail 2 and find long-term growth. ways to reduce risks and uncertainties, including working with local authorities to establish plans for areas that will benefit. Additional capacity Adds Development funding is needed in this summer’s Comprehensive for up to Spending Review to drive forward this vital work. Crossrail 2 is not Safeguarded March guaranteed to go ahead but Government investment now would route confirmed 2015 allow us to move forward at pace and unlock jobs, homes and Comprehensive Summer 270,000 long-term growth. 10% Spending Review 2015 more trips into and across to central London’s Over the coming months we will continue to work with our the capital in the three-hour Public Autumn rail capacity stakeholders and the public to make the case for this essential piece consultation 2015 peak period of national infrastructure, developing the scheme to maximise its benefits at a local and strategic level. Single preferred 2016 option London’s rapid population growth provides an opportunity that we must grasp if we are to deliver huge long-term returns and support Submit powers 2017 Unlocks the other major UK infrastructure projects. application potential for up to For more information, visit www.crossrail2.co.uk Start 2020 Up to 30 trains construction per hour in each First Crossrail 2 2030 200,000 direction through service new homes central London ‘It is a project that has long been discussed – I remember people talking about the Chelsea to Hackney Tube line when I was a More than kid. Now we need to look at how 96% to get the idea o the page and of consultation respondents £13.5bn into construction.’ support the project (more than of the cost could come , Chancellor of the Exchequer 13,700 responses) from local sources

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