Re:A Look at HS2's Old Oak Common Station
by Reason077 on Friday August 23, 2019 @05:57AM
(#20775928)
> "Crossrail was funded by me and other tax payers."
A significant portion (over 30% of the original £17.8b budget) of Crossrail's funding has actually come from land owners and businesses, in the form of:
- Business rate supplements
- Property developer contributions
- Community infrastructure levy
- Sale of surplus property along the route
- Contributions from other non-taxpayer funded entities like Heathrow and the City of London corporation
Much of the rest of the funding is from TfL and loans backed by the DfT, which should eventually be payed back from ticket revenue.
A significant portion (over 30% of the original £17.8b budget) of Crossrail's funding has actually come from land owners and businesses, in the form of:
- Business rate supplements
- Property developer contributions
- Community infrastructure levy
- Sale of surplus property along the route
- Contributions from other non-taxpayer funded entities like Heathrow and the City of London corporation
Much of the rest of the funding is from TfL and loans backed by the DfT, which should eventually be payed back from ticket revenue.