The mayoral advisor Transport for London (TfL), has published a report explaining how property values have increased as a direct consequence of the first Crossrail Project.

This has led to one expert, William Jackson, a development consultant for TfL, suggesting that the Crossrail 2 project could include the introduction of a new “transport property tax”.

It would be paid for by both residential and commercial property owners who were located within a 1km ‘zone of influence’ around stations on the new Crossrail 2 route.

Although existing tariffs such as Section 106 agreements and the Community Infrastructure Levy (CIL) already exist, it is suggested that a Zonal CIL might be the best option, particularly because it would not need new legislation to be introduced.