New London Crossrail project to spur real estate and infrastructure growth


The London Crossrail project is reportedly worth £15 billion and is also the largest such infrastructural project in all of Europe. As per the latest reports, autumn 2019 is when the new London Crossrail line will be officially opening for the general public. This infrastructure development will be decongesting several stretches of London by linking key landmarks like the Canary Wharf business district and Heathrow Airport. The route will be called the Elizabeth line and was expected to start operations from December this year. However, the launch has been postponed to autumn next year in order to ensure better safety for passengers.

When the Crossrail line starts functioning smoothly, trains will be going from western zones like Heathrow and Reading to eastern areas like Abbey Wood and Shenfield across 13 miles of new tunnels that have been built for the project. There will be three separate services that will be operational in this regard. The new line will be linking Canary Wharf to Paddington and journeying between this stretch will take only 17 minutes as per reports.

Around 200 million people are expected to use the new underground railway line on a yearly basis and this will also augment the overall London rail capacity levels by around 10%. Crossrail Limited has already stated that more time is required now for proper testing and completion of tasks related to the central tunnels and the development of the best railway system tools and software applications. Currently trains on the Elizabeth line are plying between Shenfield and Liverpool Street and also between Paddington and Hayes & Harlington. This mega infrastructural development will boost the residential and retail sectors of the London real estate market along with sparking further investor interest.

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