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The NewsEditor

Wired Magazine carries a useful run down of what the green-lit CrossRail project will actually mean in terms of cost, jobs created, route, capacity, transport times etc:

Once built, it will relieve traffic off the century old Tube system that uses short... and narrow trains to transport its 3.4 million passengers. An estimated 30,000 jobs will be created because of the rail line as well as a £20 billion addition to the UK gross product, says the Prime Minister. Construction will start in 2010 and finish sometime in 2017.