On 30 July 2014, MTR Corporation (Crossrail) Limited, a 100% owned subsidiary of MTR Corporation, was awarded the concession to operate the new Elizabeth line (previously known as Crossrail) train service across London.

MTR Elizabeth line started operating the new concession between Liverpool Street and Shenfield from 31 May 2015 under the interim brand name of "TfL Rail". The TfL Rail service gradually expanded in stages afterwards. On 24 May 2022, the service was rebranded to "Elizabeth line" after passenger service in the Central Operating Section started (new stations were added between Paddington and Abbey Wood through central London). The full line spans a 128km route with 41 stations, providing inter-urban and metro passenger services connecting Reading and Heathrow in the west of London through the West End, the City and Canary Wharf to Shenfield and Abbey Wood in the east of London.

In 2022, the concession agreement has been extended by two years to May 2025.

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