According to a new research from Transport for London (TfL) and Network Rail, the supply chain of Crossrail 2 project could support thousands more jobs around the country, adding over £ 1 billion (EUR 1.35 billion) to the West Midlands economy, over £ 200 million (EUR 271.5 million) to the North East and up to £ 170 million (EUR 230.8 million) to the Scottish economy.
KPMG analysis suggests that productivity benefits could be worth up to £ 102 billion (EUR 163 billion) to the UK economy.
The railway will connect into the Underground, Crossrail, Thameslink, National Rail network, HS2 and High Speed services to Europe, bringing more than 800 destinations around the country within one interchange of a Crossrail 2 station, including towns in the Midlands and the North.
Crossrail 2 will run underground through new 36km twin-bore tunnels and the cost of Crossrail 2 is estimated at £27 – 32 billion (EUR 36.6 – 43.4 billion), including building the network, rolling stock and a significant contingency which has to be applied to projects of such scale. According to the new research, London could fund over 50 per cent of the new railway. Subject to powers and agreeing funding, construction could start around 2020 and be operational by the early 2030s.