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A programme of value engineering has also brought the projected cost of the project down below 拢15.9bn but individual companies working on Crossrail are in the dark as to what the overall budget is now likely to be.

One insider close to the project said that there could be 鈥減hased construction鈥� that might lead to different parts of the network being opened in stages. Another source confirmed that Crossrail was likely to be subject to 鈥減hased completion鈥� that would see certain parts open before others.

He said that station designers had cut costs over the summer and submitted their new estimates to Crossrail, who now had a revised figure below the original 拢15.9bn estimate 鈥� but had not revealed to firms what the new total figure was.

鈥淎 few months ago we were above [the 拢15.9bn total] and now we鈥檙e below,鈥� he said.

The Evening Standard reported last night that Crossrail would be delayed by a year and would open in 2018.

Rob Holden, chief executive of Crossrail, did not deny that it would open a year later than planned.

鈥淚鈥檓 not saying one thing or another,鈥� he said.

鈥淚 can鈥檛 really say anything because it鈥檚 for the government to make an announcement as part of the comprehensive spending review. I鈥檓 waiting until next week.鈥�