Would it? The amount of tunnel is less than would be required for CR2. There is only 1 more tunnelled station on my route (which I might change by removing the Lea Valley station - doesn't serve much, and moving the southern portal to after Earlsfield).
I’m afraid you have counted wrong. Crossrail 2 has 9 / 10 mined stations, and at least three of those are subject to debate. It’s the stations that cost the money; the tunnelling itself is cheap. You have 16.
Then you have the small matter of significant additional upgrades on the branches to accommodate all these trains. For example, you would have to completely rebuild the Sutton loop to cope with 6tph.
I also forgot to mention - 36tph isn’t possible with the dwell times necessary to shift the number of people on and off main line trains.
Remember, at both Bank and Waterloo, the Waterloo and City line platforms would be demolished. Additionally, at Bank, the platforms could run parallel to the Central Line ones at the same level, and at Waterloo, with the W+C gone, it may be possible to have the platforms under the main shed of the NR station.
Remember, you need to build these things, they don’t just magically appear. Also remember, there’s a lot more underground than existing tube lines. And finally, remember the passengers using these underground stations will want to get to street level.

