Cross London Rail Links (CLRL), the Transport for London subsidary responsible for Crossrail, have decided to restructure their board to meet the terms of its governing agreements.
The Board will comprise at least four independent non executive directors and three executive directors. In addition the two Sponsors, the Mayor of London and the Secretary of State for Transport, each retain the right to add one further non executive director.
Douglas Oakervee, CLRL Executive Chairman, said: "The creation of a strong independent board during the delivery phase is of paramount importance. It will provide the discipline necessary to ensure the cost and scope of this massive project is contained throughout. And ensure that a world-class affordable railway is delivered on time and within budget."
On 5 October 2007, Prime Minister Gordon Brown announced that a funding package for Crossrail had been agreed between the Department for Transport, the Mayor of London and London business.