KHOODEELAAR! TOLD YOU SO! As echoed in this item on the London EVENING STANDARD web site where it was posted 50 minutes ago, as researches suggest.

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City Spy: Fear of funding cuts for Crossrail

30.04.10

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Much depression in the Crossrail camp as they fail to get any steer whatsoever from the Tory high command that the project will go ahead, should David Cameronbecome Prime Minister.

It's looking more and more gloomy for the rail link — as it seems increasingly likely to feature highly on the list of government cuts that could be made quickly and painlessly and only affect the City (hardly top of the hit parade at the moment) and not have any national repercussions. Those involved have been trying to obtain any positive nod and a wink from the Toriesin the past few days, without success...

One of the problems with the rail link is that the case for it has never properly been made. Politicians are able to point to the existing Central line as a substitute for the proposed East-West London line.

Some of those involved are beginning to wonder if they missed a trick by taking Crossrail out to Reading in the west and Colchester in the east — and played down the City aspect.

At the same time, Toby Courtauld, the Great Portland Estates CEO, has written to some of London's biggest landlords to form a coalition to achieve higher prices for properties affected by compulsory purchase orders should Crossrail proceed. He disputes the Crossrail figure put on a Great Portland block, 18/19 Hanover Square.Transport for London says it's £35.9 million, Great Portland reckons closer to £60 million.

City Spy understands that Courtauld has been in touch with other property owners, among then Great Portland's rivals Pearl & Coutts and Cardinal Lysander, with a view to creating a “developers alliance for fair valuations”.follow me on Twitter