Crossrail only has 80% chance of hitting new budget, report says

By Jordan Marshall2019-01-25T13:57:00

Source: Chrispictures/shutterstock.com

KPMG’s review found Crossrail is currently costing £30m a week

There is a 20% risk that Crossrail will bust its newly approved £17.6bn budget, an independent review of the project by KPMG has found.

In December it was announced that KPMG’s review had found that between £1.6bn and £2bn was needed to complete work on the project.

But the report, which was commissioned by the project’s joint sponsors Transport for London and the Department for Transport last September and published in full today (25 January), has now revealed that there is only an 80% likelihood that the project will be completed within the top end of that price range.

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