TIDM40CT

RNS Number : 4346Z

Transport For London

10 January 2020

Transport for London ("TfL")

10 January 2020

Crossrail opening timetable update

Crossrail Limited ("CRL") today issued an update on progress to complete the Elizabeth line and confirmed that it plans to open the central section between Paddington and Abbey Wood in summer 2021. It is expected that, following the opening of the central section, full services across the Elizabeth line route from Reading and Heathrow in the west to Abbey Wood and Shenfield in the east will commence by mid-2022.

This latest assessment by CRL of the opening dates is within the range of modelling scenarios assumed in TfL's 2019 Business Plan. As announced on 20 November 2019, the approximate reduction in forecast revenues compared to TfL's 2018 Business Plan is still expected to be between GBP500m and GBP750m spread across the next four financial years, with most of the impact forecast in 2021/22 and 2022/23.

For further information, please contact:

Transport for London

5 Endeavour Square

London E20 1JN

Email: GroupTreasury@tfl.gov.uk

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January 10, 2020 05:09 ET (10:09 GMT)

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