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A £1.4bn bailout has been announced for Crossrail, as Europe's biggest infrastructure project is pushed back beyond its launch date of autumn 2019.

London’s £15bn route, to be known as the Elizabeth line, had originally been due to open this month.

The rescue plan - the third this year - will be used to plug a predicted £2bn hole in the project's finances.

The scheme will connect major landmarks such as Heathrow Airport and the Canary Wharf business district.

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BBC News

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