Today’s opening of the central section of Crossrail is something to celebrate.
The benefits from Crossrail (or the Elizabeth Line as it has become) will be immense.
It will transform travel across London, but also large parts of the South East. Indeed, it is myth that it is solely a London project. It will cut journey times, provide much needed additional train capacity and encourage people to switch away from making many journeys by car, including in time many people who travel around London by the M25.
Most importantly it will lead to a transformation in genuinely accessible travel. Passengers will be amazed by the long platforms and trains of 200 metres in length; taking rail and tube travel to a new level. All 41 Elizabeth line stations will be step-free to platform level, staffed from first to the last train, with a ‘turn-up and go’ service offered to anyone needing assistance.
However, whilst celebrating its opening, there is no excuse for forgetting that, as a project, it has fundamentally failed the basic test of being delivered on time and on budget.
The central section of Crossrail is opening three and half years late and even then one key station, Bond Street, will not be ready. Crossrail’s total construction bill is already £4 billion over budget and its delayed opening has drained TfL of much needed fares revenue over the last few years. The project will have cost around £20 billion on completion, though a good chunk of this has been paid for by London businesses.