Executive director Stephen Joseph welcomed the backing for Crossrail. But he said: "We want cities around the UK to receive similar investment in high-quality public transport such as trams so that they do not lose out."
The City of London agreed the final part of Crossrail funding last week (Planning, 5 October, p2). It committed to provide £200 million from its own funds and raise £150 million from businesses.
Two of the three other main beneficiaries, airport operator BAA and the Canary Wharf Group, have already pledged substantial funds. Corporation head of policy Michael Snyder said the scheme is vital for the City's economic success.