A deal worth up to £350m that will help deliver Crossrail on time and on budget has been finalised with the City of London Corporation. The agreement was announced today by Andrew Adonis, Transport Minister, Boris Johnson, Mayor of London and Sir Michael Snyder of the City of London Corporation.
The Minister and the Mayor also announced the signing of a series of core funding and governance agreements that will underpin the project.
The City of London Corporation has agreed to make a direct contribution of £200m to the Crossrail project. In addition, the City Corporation will seek contributions from businesses of £150m, and has guaranteed £50m of these contributions.
Today’s confirmation of funding and governance agreements means that Cross London Rail Links Ltd (CLRL), the company responsible for the delivery of the project, will now become a wholly owned subsidiary of Transport for London. This finalises how the project will be governed and continues to build momentum toward the start of main construction works in 2010.
The route goes from Maidenhead and Heathrow in the west right across the capital into Essex and Kent in the east. It travels underground through the city centre between Paddington and east London.
SOURCE: Greater London Authority – Press Release.
“China’s central government will add 100 billion yuan ($14.51 billion) to key projects in the fourth quarter of this year, of which 28 billion yuan are allocated for railways, roads and airport infrastructure, said www.CRI.cn Wednesday”
[SOURCE: China Daily – 8b yuan more for transport infrastructure construction].
A plan for better transport links across Wales, through road and rail, has been mapped out by the Deputy First Minister and Minister for Economy and Transport.
SOURCE: News Wales > Transport > New transport system for Wales.
San Jose Mercury reports
“Already acting on last week’s pledge to invest in San Jose’s core, Mayor Chuck Reed is pushing a sweeping development plan for the northwestern edge of downtown. And the centerpiece would be a newly sweetened deal for an urban market in San Pedro Square sought by former Mayor Tom McEnery.”
SOURCE: San Jose Mercury News – Mayor unveils new push for downtown San Jose redevelopment –
The Guardian reports
“Andres Duany flew in from America and yesterday unveiled a 64-point litany of mistakes made by British architects and planners over the last 50 years.
Duany is one of the original designers of Poundbury, the prince’s new town in Dorset, and said the leading lights of modernist architecture including Richard Rogers, Frank Gehry, Zaha Hadid and Peter Eisenman were “increasingly irrelevant”.”
SOURCE: The Guardian – Architect slams ‘dismal’ UK design