Skip to content
Tuesday 11 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,862.50
-0.35%
DAX
26,323.88
0.00%
CAC 40
8,726.03
0.00%
STOXX 50
6,535.62
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Tuesday 27 February 2024 12:52 pm

Network Rail to provide £140m to solve Elizabeth Line chaos

By: Guy Taylor

Transport Reporter

Add as a preferred source on Google
Network Rail will provide £140m in funding aimed at resolving persistent disruption and delays on the London Elizabeth Line
Network Rail will provide £140m in funding aimed at resolving persistent disruption and delays on the London Elizabeth Line

Network Rail will provide £140m in funding aimed at resolving persistent disruption and delays on the London Elizabeth Line, it has been announced.

It comes after a meeting with Mayor Sadiq Khan on Monday, who has described the issues affecting the popular route as “not good enough.”

The £140m will be allocated from existing budgets, with the £104m set aside from Network Rail’s CP7 budgets between 2024 and 2029. No additional taxpayer funding has been requested.

In a statement, Khan said: “The Elizabeth line has been transformational, seeing well over 4.5m journeys every week, but it’s clear that the recent performance on the Elizabeth line has been below the high standards set when the railway was opened.

“I have been absolutely clear with Network Rail, MTR and TfL that the issues we have seen over the last six months are not acceptable. I am pleased that they have brought forward a comprehensive plan to resolve the problems on the line, and I will continue to hold them to account.”

Work will begin immediately to reduce disruption, continuing over the next six months. The following 12 months will see longer-term improvements to the network to tackle the key causes of disruption, followed by work towards sustaining and renewing the network.

After a booming first year in which the Elizabeth Line carried some 150.7m passengers, performance has dipped in recent months. Khan has said he is “deeply concerned” by the delays.

Commuters faced chaos on Monday after a landslip between Twyford and Reading hit routes to London Paddington.

The Elizabeth Line is used for around 600,000 trips every weekday, with around 140,000 additional journeys.

Hong Kong-based MTR Corporation was awarded the contract to operate Crossrail, the railway construction project that delivered the project, in 2014.

Read more

Andy Burnham should show London he cares by funding this one transport project

Andy Burnham, Mayor of Greater Manchester, standing outside 10 Downing Street in a suit and tie.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Transport & Infrastructure

People & Organisations

  • Elizabeth Line
  • Network Rail

Trending Articles

  • Boutique London advisory firm lands £8m funding amid M&A frenzy

  • Silence Therapeutics Announces Proposed Public Offering of $150 Million of American Depositary Shares

  • Point2 Completes $136M Series B Funding with Arm, LB Investment, and Maverick Silicon

  • Top economists shun Burnham over wealth taxes

  • Nottingham Forest owner Marinakis sues Crystal Palace for defamation

More from Morning Wire

  • Andy Burnham should show London he cares by funding this one transport project

    Opinion
    Andy Burnham, Mayor of Greater Manchester, standing outside 10 Downing Street in a suit and tie.
  • West Ham: Staveley receives Sadiq Khan encouragement to buy London Stadium

    Sport Business
    Low-angle view of a football stadium from the pitch, showing the corner marking and empty seats under a blue sky
  • No air conditioning on the Tube? Blame Sadiq Khan

    Opinion
    Crowded London Underground platform during summer heat wave, passengers fanning themselves to stay cool
  • Plus500 splashes cash on investors after US expansion bears fruit

    Fintech
    Plus500 branding on a large Jumbotron scoreboard at a US sports arena, displaying game stats.
  • Osmose Europe Ltd. Strengthens and Expands Electric Utility Infrastructure Solutions with the Acquisition of MP Power Ltd.

    Business Wire
  • Financial gap between Hundred host counties and others widening, report warns

    Sport Business
    A male cricketer in an orange and black uniform looks concerned during a match, surrounded by other players.
  • AI reduces founders’ need for capital, says Revolut Business

    Tech
    Canada skyline featuring iconic skyscrapers and modern architecture against a clear blue sky
  • Global advisory giant Brunswick explores capital raise

    Advisory
    Alan Parker speaking at a business forum, gesturing with hands, blue background with NIKKEI and FORUM visible
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook