Lord Bradshaw
Main Page: Lord Bradshaw (Liberal Democrat - Life peer)Department Debates - View all Lord Bradshaw's debates with the Department for Transport
(11 years, 5 months ago)
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Lord Bradshaw
My Lords, Crossrail 1 is very expensive and there is a now a possibility of Crossrail 2 which will be much more so. Have the Government given any thought to ways in which contributions from businesses which benefit from these schemes can be efficiently tapped into the scheme? For example, while at Ealing huge rises in property prices have benefited several private sector investors, the taxpayer gets nothing.
Earl Attlee
My Lords, the noble Lord is right that we will need to see a full business case for the revised scheme, and we hope to receive this from Transport for London in the next few weeks. We also need to see a convincing proposition for how the scheme could be funded and DfT officials are exploring options with TfL. I agree with the noble Lord about property benefits but it is difficult to capture them.