Crossrail is now running nine months late and £590m over budget.
When complete, Crossrail will carry up to 200 million passengers a year, delivering £42 billion of investment into the UK economy.
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Transport for London (TfL) and the Department for Transport have also commissioned an independent review of Crossrail's governance and a separate review on Crossrail's finance and commercial position.
A further update will be provided once the discussions on the financing arrangements have concluded.
(CM/MH)
