Crossrail

Debate between Nick Raynsford and Jim Fitzpatrick

Thursday 3rd June 2010 Commons Chamber

[Mr Nick Raynsford (Greenwich and Woolwich) (Lab)]

I am grateful, Mr Deputy Speaker, for the opportunity to raise a matter that is of great importance not only to my constituency, but to the whole of London and for the future prosperity of our economy. Although I have sought this debate because of its significance to my constituency and to London, I should also draw attention to my interests recorded in the register.

Crossrail is vital to London and the wider economy. If London is to continue to be a world-leading city, it needs continuous investment in infrastructure. The tube network alone will not be able to cope with the projected increase in passenger numbers over the coming decades, and investment in cross-city links is imperative.

Crossrail will alleviate the already congested public transport service in central London and relieve the bottlenecks that are already an issue at national rail termini, particularly at Paddington, with its connections to Heathrow, and in the east of London, at Liverpool street. Perhaps most importantly, Crossrail will draw together areas of the city that have the capacity to house the work force needed to keep London’s financial and commercial hubs expanding and at a pace that keeps London, and the British economy, competitive on a world stage. It will add no less than 10% to London’s existing rail capacity, and bring 1.5 million people within a 60-minute commuting time from the centre of our capital.

Estimates of the economic and transport benefits of Crossrail are compelling. It is projected that in 2026 alone, London as a whole can expect to reap benefits of £1.24 billion in 2008 prices. Over the next 60 years, the Mayor of London’s transport strategy estimates some £36 billion of value would be added to the economy in today’s prices. Seen in these terms, it is clear that Crossrail is an economic imperative from which our capital and our country will derive real benefits for decades to come.

[Jim Fitzpatrick (Poplar and Limehouse) (Lab)]

I congratulate my right hon. Friend on securing this important debate. I am grateful that he has begun his contribution by outlining the importance of Crossrail to the whole of the UK economy, because I was concerned when I read the debate’s title—“Crossrail and its importance to South East London”—on the Order Paper. This is not just a south-east London, east London or even London issue; as he has started to argue, this is a matter for the UK economy. London will choke without Crossrail, and I am grateful that he is going to develop his argument further.

[Mr Raynsford]

I am grateful to my hon. Friend for that observation, which I entirely support and agree with, although I am obviously going to focus on some of the specific concerns for my constituency in south-east London. However, he is right that there are benefits in his constituency—Canary Wharf is one of the major station sites—for London as a whole and, indeed, for the whole country.

The benefit is not limited to boroughs with immediate station access to the network. My borough of Greenwich is projected to benefit in 2026 by £84 million, but other boroughs, such as Barnet—the Minister’s borough—will see projected benefits in excess of £30 million in that year. Given the importance of the scheme, it might appear surprising that it has taken so long to reach the construction phase. The concept has been around for decades, but as the Minister will be aware, the project has had to go through many hoops to get where we are today.