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@FrancisSedgemore
Oliver - a comparison with Crossrail is useful, but only if one looks at the differences in scale, logistics and costs as well as the similarities between the two projects. Until TfL starts discussing the engineering and logistical detail of a subterranean ring road, there is little we can do other than ridicule the idea and expose the political issues for what they are.
As you’ve said in your LCC Issues forum discussion, the project will [would] have a long lead-in time, if it ever happens at all. The cost is also likely to be considerably greater than the currently quoted £30bn. In the end will be many multiples of the Crossrail bill.