Transport for London admitted it is calculating how much extra cash will have to be ploughed into Crossrail following the announcement that the capital’s largest infrastructure project will be delayed by at least 9 months.

Delays to the scheme are expected to add considerable extra cost to the £15bn scheme, despite a £600m cash injection agreed by TfL and the Treasury in July. On Thursday afternoon bosses from TfL and Treasury, who are joint funding the project, met to discuss financial implications of the project’s overrun.

Answering questions from London Assembly Members on Thursday morning, transport commissioner Mike Brown said: “Any additional costs which may emerge – and we don’t have certainty as to what those costs may be yet, as they’re progress dependent – then of course we will make additional plans subject to talks with the Treasury this afternoon.”

…