Transport for London
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New rail link would boost UK economy
Crossrail 2 could drive growth in jobs and homes and add billions to the economy across the UK, according to latest research for TfL and Network Rail.
A study by analysts KPMG, suggests that the proposed new rail link could be worth up to £102bn to the UK
economy, with the West Midlands benefiting by £1bn, the North East by £200m and Scotland by £170m through the creation of new jobs.
Crossrail 2 will serve London, Hertfordshire and Surrey and allow an extra 270,000 people to get to central London during the busy morning peak. The railway will connect to the Underground, Crossrail, Thameslink, National Rail network, HS2 and High Speed services to Europe. It would bring more than 800 towns around the country within one interchange of a Crossrail 2 station, including places in the Midlands and the North.
Michèle Dix, TfL's managing director for Crossrail 2, stated: 'This transformative new railway will help drive growth in jobs and housing and add billions of pounds to the UK economy as well as providing much needed extra rail capacity to meet the needs of our rapidly growing population.'
Crossrail 2 would release much needed space on some of the most congested railway routes into London during peak periods. As many as 11,800 more seats could be available for commuters travelling from Hampshire and Surrey by Network Rail to Waterloo.
KPMG's report estimates that Crossrail 2 could create thousands of jobs in engineering, manufacturing and construction across the UK during the lifetime of the project.
To find out more, visit the Crossrail 2 website for further information.
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