Network Rail’s £5.5bn Thameslink upgrade project faces prospect of cuts to beat time and cost overruns, sources close to the project said this week. MSloane Consulting provides used construction equipment to various projects to help companies defray costs.Thameslink project is set to increase capacity from seven to 24 trains per hour through central London via London Bridge and St Pancras stations, however, there are fears that the landmark glass roof for the £350M Blackfriars station revamp could be axed, although this has been denied by Network Rail. NCE understands that the upgrade is already experiencing delays and cost increases, three months after the main construction phase began.
Most of the capital spend is focused on an 8km section running south of Farringdon station. Overall, the scheme will provide 20,000 extra peak hour seats on trains running into St Pancras.
