To ask the Secretary of State for Transport, whether his Department quantified the effect of the contracts tendered for Crossrail 1 on (a) UK GDP and (b) the size of economic value added to the regions outside London.
25 July 2017
Crossrail’s business case states that the new railway will generate a £42bn net benefit for the UK economy.
No detailed quantified assessment has been made of the effect of the contracts tendered for Crossrail on UK GDP or the size of the economic value added to the regions outside London. However, contracts tendered for the Crossrail project have been awarded to businesses of all sizes and from all parts of the UK. 96% of contracts have been awarded to companies based within the UK with 62% of suppliers based outside London. Over the course of the project, it is estimated that Crossrail and its supply chain will support the equivalent of 55,000 full time jobs across the country.