The UK’s Transport for London (TfL) is proposing the establishment of a new wholly owned subsidiary to undertake the £27bn Crossrail 2 project.

Crossrail 2 Ltd will be managed by a board consisting of non-executive directors and senior TfL officers, and will draw from senior industry expertise.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The proposal will be considered by the TfL board on 17 December.

"It makes sense that we now proceed with forming Crossrail 2 Ltd for the development phase and get construction underway as soon as possible."

London mayor Boris Johnson said: "Crossrail 2 is a vital infrastructure project needed to give London and the South East the transport links, homes and jobs it needs as the population continues to grow rapidly.

"To continue to develop the project at pace and bring together stakeholders and other advocates, I am asking TfL to set up a company that will have the job of fulfilling the chancellor’s pledge last year that we must get Crossrail 2 off the page and into construction."

See Also:

Crossrail 2 will link south-west and north-east London through a 36km underground tunnelled section between Wimbledon and Tottenham Hale and New Southgate. It will connect with existing National Rail networks in Surrey and Hertfordshire.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The project is expected to create 200,000 new jobs and boost the UK economy by up to £102bn.

TfL and Network Rail have submitted a comprehensive business case to the government, which will now be considered by the new National Infrastructure Commission.

The commission is expected to give its report next year, and construction is likely to begin in 2020.

London transport commissioner Mike Brown MVO said: "It makes sense that we now proceed with forming Crossrail 2 Ltd for the development phase and get construction underway as soon as possible."