Crossrail 2 could boost London economy by £49bn

Crossrail 2 could boost London’s economy by up to £49bn, a report by the London Assembly’s Transport Committee has claimed.

The report says that building the new route would reduce overcrowding and help London cope with its rapid population growth. Its population is forecast to approach 10 million by 2031.

The London Assembly Transport Committee report was in response to Transport for London and Network Rail’s consultation on Crossrail 2.

Valerie Shawcross AM, Chair of the Transport Committee, said: “London needs a transport network that can cope with the millions of extra passengers that will travel on our tube and trains in future.

“The cost-effective investment needed to construct Crossrail 2 will herald sustainable rewards, potentially boosting London’s economy by up to £49 billion, not to mention much-needed relief to passengers suffering on some of the UK’s most-crowded services.

“We must all get behind Crossrail 2 to ensure London has the transport it needs for its future growth.”

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