Crossrail facing ‘significant issues’, says Infrastructure and Projects Authority

By Jordan Marshall 6 July 2018

The project is facing cost or schedule overruns if problems are not addressed, according to infrastructure authority

Crossrail is looking at a cost or schedule overrun if “significant issues” are not addressed, according to the Infrastructure and Projects Authority.

In its 2018 Annual Report, the Infrastructure and Projects Authority (IPA) gave Crossrail an amber delivery confidence assessment – the first time the project has received a rating above a green category in the report’s six year existence.

According to the IPA, an amber rating means “successful delivery appears feasible but significant issues already exist, requiring management attention. These appear resolvable at this stage and, if addressed promptly, should not present a cost/schedule overrun”.

Just 1% of housebuilders think government housing targets are achievable

By Jordan Marshall 9 July 2018

Housebuilders cast further doubt on government housing policy as ministerial turnstile continues, according to Knight Frank research

Close to 90% of housebuilders believe construction of 250,000 additional homes a year is the maximum achievable amount by 2022 – 50,000 short of the government’s 300,000 target – according to Knight Frank

In its annual Housebuilding report, the property agent said 86% of housebuilders felt the government’s targets were completely unachievable.

Just 1% of respondents, which include more than 100 developers that account for almost 75% of all newly-built homes across the country each year, think surpassing 300,000 additional homes each year is possible by 2022.