CrossRail 'will not hit public purse'
Series: Estates Gazette ; (9947) 27 November 1999, 35(1)Publication details: 1999Subject(s): Summary: The Corporation of London has announced details of public-private partnership to build the £3.1bn CrossRail link between Paddington and Liverpool St, and claims that it will not cost the public a penny. The government would guarantee a bond issue totalling £1.15bn, another £1.15bn would be raised through a consortium of banks, and around £250m of equity would be provided by contractors building the tunnels.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3547-17 (Browse shelf(Opens below)) | 1 | Available | 102999-1001 |
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The Corporation of London has announced details of public-private partnership to build the £3.1bn CrossRail link between Paddington and Liverpool St, and claims that it will not cost the public a penny. The government would guarantee a bond issue totalling £1.15bn, another £1.15bn would be raised through a consortium of banks, and around £250m of equity would be provided by contractors building the tunnels.