24.01.14
Crossrail has ‘done well’ – NAO
Crossrail is on track to achieve value for money, the National Audit Office (NAO) has stated in its new report – though progress is “just” behind schedule.
In one of its most positive analyses of a major infrastructure project, the NAO stated that the strategic need for Crossrail had become clearer with time and is expected that the benefits will outweigh the costs. The report calls for progress to be maintained and risks managed throughout the rest of the project.
The £14.8bn project also has the potential to deliver wider economic benefits to the area.
But progress is “just behind schedule”, the NAO found. As of September 2013, 43.7% of infrastructure works were complete, against a target of 45.2%.
Crossrail Ltd remains confident to meet the planned delivery date and costs are forecast to remain within the available funding.
Amyas Morse, head of the NAO, said: “The sponsors and Crossrail Limited have so far done well to protect taxpayers’ interests, by taking early action to stop costs escalating and, during construction, tightly managing the programme. There is still a long way to go and the Department must continue to manage risks to protect its investment in Crossrail.”
Margaret Hodge MP, chair of the Committee of Public Accounts added: “The Crossrail project has been well managed and controlled to date. It is on track to deliver on time and within budget, and they deserve praise for their success so far.”
Tell us what you think – have your say below, or email us directly at [email protected]