I spoke this morning with the Chief Executive of Crossrail 2.
At present, Crossrail 2 are undertaking an “Independent Affordability Review" to examine ways of making the scheme more affordable.
The review will submit an interim report to the DfT and TfL this summer, outlining options as to how the project could be made more affordable. A more detailed final report will be submitted at a later date in light of the recommendations made in the interim report.
I raised recent media reports that the value of properties near Crossrail 2 stations would be levied to help fund the project. I was told these reports were overblown, and there is currently no process, powers or legislation in place to apply land value capture.
I also raised the news that Crossrail 2 are considering permanently closing the level crossings on West Barnes Lane and at Motspur Park when the line opens. You can find more details here.
I told the Chief Executive that any permanent level crossing closures in the area will be completely unacceptable without full plans to address both the road and pedestrian traffic needs.