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Crossrail 2 delays could end up costing £18bn, London business leaders warn

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London business leaders will warn today about the risk of losing a "decade to indecision and delay" that could cost up to £18bn if a firm commitment is not made to Crossrail 2.

Jasmine Whitbread, the chief executive of London First, will say at the London Infrastructure Summit that without a firm commitment to keep the £31bn project on track, there is a risk of making the same mistakes that delayed Crossrail.

Read more: Crossrail 2 boost: Mayor and DfT agree next steps for £31bn rail route

"Our choice now is whether we keep Crossrail 2 on track, or lose a decade to indecision and delay. We've been here before," Whitbread will say.

In 1994, Crossrail hit a red light when the Crossrail bill was rejected by parliament, with the government citing fears about public spending.

It took until 2004 for Crossrail to get........

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