1. The vital new artery to ease pressure and seize the opportunities surging daily in our premier world city Tomorrow’s Rail Michele Dix 08 July 2015

2. The case for growing London rests on the benefits for the UK of having a leading world city London tops the global competitiveness league Its agglomeration of high value services and international connections make it uniquely well placed to act as the UK’s gateway to the rest of the world, attracting investment, trade and visitors to the benefit of the whole country

3. UK population is growing... 64.1 million people in the UK (ONS, mid- 2013) UK population projected to increase to 73.3 million by mid- 2037 The highest average annual growth rate is expected in England

4. London’s population is growing... By 2050, London’s population will exceed 11 million people.

5. Distribution of growth Growth will not be uniform across London Population growth will be greatest in east London Employment growth will be greatest in West End, City and Canary Wharf (business and other services, finance, tourism, retail)

6. London’s transport challenge The ‘Missing Gap Significant investment already planned in public transport infrastructure across London though there remains a clear ‘gap ’ Crossrail 2 corridor

7. Crossrail 2 – A potted history YearOutputOutcome 1944GLPConcept of a cross London tunnelled rail service introduced. 1974London Rail Study Chelsea-Hackney Underground line identified as possible scheme to serve future demand 1989Central London Rail Study Continued support for Chelsea-Hackney line as part of wider need for additional rail capacity 1991SafeguardingChelsea-Hackney line adopted and directions issued 2000London East- West study Recommended further study to look into feasibility of Chelsea-Hackney to be delivered post-Crossrail 2002- 2008 Continued investigation Ongoing engineering feasibility, planning and optioneering work on Chelsea-Hackney line. 2008Crossrail Royal Assent Crossrail Bill becomes a Parliamentary Act 2008Safeguarding refresh Safeguarding directions for Chelsea-Hackney line updated 2009DfT requests Mayor &TfL review scheme TfL to review case for scheme, identifying new options in light of emerging London transport (MTS) and land- use (London Plan) policy, and to refresh safeguarding 2010 / 2011 TfL and NR policy support MTS supports new rail capacity in SW-NE corridor. NR emphasise in South East RUS crowding on SWML and WAML could be reduced by Crossrail 2

8. Some stations omitted for clarity Crossrail 2 route 200 – 250m long, NR type trains 6.4 diameter tunnels (like Crossrail) High frequency: trains up to every 120 seconds Could use new rail signalling technology to allow automatic train control in core tunnel Addresses key NR capacity gaps, especially on South Western Main Line Serves key London growth areas in Upper Lea Valley Serves more of London and beyond CAZ zone Upper Lea Valley OA

9. Crossrail 2: Why do we need Crossrail 2? London is growing rapidly To accommodate the growth, Crossrail 2 can unlock new areas for growth – Upper Lea Valley, supporting delivery of up to 200,000 new homes across London and the South East Crossrail 2 can also support economic growth, by providing more transport capacity to the Central London CAZ Crossrail 2 delivers substantial crowding relief to the Underground and to National Rail lines across the South East, e.g. South West Main Line into Waterloo and West Anglia Main Line into Liverpool Street

10. Safeguarding consultation The previously safeguarded alignment has changed Wimbledon – Clapham Junction via Tooting Broadway and King’s Road Proposed extension to New Southgate Angel to Tottenham Hale and Seven Sisters via Dalston Junction A potential branch from Angel to Hackney, which could form part of a future eastern branch New portal location proposed just south of Tottenham Hale station Victoria to Angel via Tottenham Court Road and Euston St Pancras Previous Current

11. The preferred option has been assessed against the following alternatives 11 Alternative SchemeSummaryCapacity Change National Rail Alternative (Do Minimum +) Package of on-network works, with key focus on capacity upgrade on the Southwest mainline (SWML) and West Anglia mainline (WAML) lines. Metro Scheme New, high frequency, high capacity tunnelled system across London between New Southgate and Wimbledon 10% increase in central zone (zone 1 area) for LU Metro + Mix of alternatives 1 and 2 with four tracking beyond Coppermill Junction to Liverpool Street 10% increase in central zone (zone 1 area) for LU 20-25% increase in WAML services to Stratford and Liverpool street Crossrail 2 Regional Scheme (preferred option) New, high frequency, high capacity tunnelled system across London which connects into SWML at Wimbledon and WAML at Tottenham Hale 60% increase overall on SWML routes into Central London 12% increase in zone 1 area for LU/ NR capacity 50% increase on WAML services to Stratford and Liverpool Street

12. Transport infrastructure requirements 11 underground stations 3 surface stations shafts for ventilation, intervention and evacuation ~2km spacing between stations main depot in the Wimbledon area NR upgrade (4-tracking...) NR upgrade (6-tracking...)

13. The Crossrail 2 regional scheme delivers benefits across London and the wider southeast region

14. 60,000 new homes currently planned in a ‘do minimum’ scenario without Crossrail 2 Crossrail 2 can unlock and deliver up to 200,000 homes above what would be delivered in a do-minimum scenario The total additional capacity of the line could physically support twice as much growth – up to 400,000 new homes Greatest opportunities for growth linked to major growth areas – Upper Lea Valley and Outer London Housing potential along Crossrail 2 route

15. Crossrail 2 jobs Supports up to 200,000 new jobs Supports 60,000 construction sector and supply chain jobs across the UK

16. Potential distribution of Crossrail 2 construction spend across the UK Based on experience of Crossrail, Crossrail 2 has significant potential to support UK economy: Crossrail 2 is a bigger scheme – meaning benefits to UK through supply chain will be bigger ! 16 Benefits to UK from CR1 supply chain 97% of CR1 contracts awarded to UK based businesses 75,000 opportunities for businesses Supporting 55,000 FTEs 62% suppliers based outside London 58% are small and medium sized businesses.

17. Crossrail 2: Funding and finance options Project cost: £27bn with 66% “Optimism Bias” Mix of public and private investment as with Crossrail 1: Central government grant Borrowing against future revenue, e.g. fares, other revenue streams Development contributions and opportunities for over-site development Business rates Other sources?

18. Local sources can meet 50% of the funding requirement Local funding sources can meet over half the circa £27bn cost using measures already in place and generating funds Government contribution would be met by: Stamp duty increases from new houses Net increases in GVA Source: PwC Funding and Finance Study

19. Future indicative programme to delivery 2015/2016 Continued development of the scheme including more detailed station studies, stakeholder engagement and public consultations. Summer 2015 Ongoing refinement of the business case and funding study, including the submission of 5 case Business Case to the Government. 2015 onwards Commencing work on the various environmental and other assessments. Late 2017 Target date for submission of application for Powers. 2020 Commence construction. 2030 Crossrail 2 complete