UK Treasury officials are planning to cut back the cost of the Thameslink programme by £750m.

The move comes as a government cost-cutting measure in response to the recession as well as a recent “value for taxpayers’ money” test conducted on the programme, according to

The programme, originally estimated at £5.5bn, aims to provide direct trains from south-east London and Kent into the capital and beyond.

Under the cost-cutting plan, £400m could be saved from the carriage order by reducing it to 950 units, £150m by removing the automatic train operating technology and £200m by redesigning the development work around London Bridge station, which is a major interchange.

According to the report, the £16bn Crossrail project may also undergo similar cutbacks.

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