- Oct 28, 2007
- Reaction score
- Political Leaning
Interested to know what other UK / European posters think about such major transport schemes. The UK Govt (including previous Labour Govt) have pushed for the HS2 project to rival and add to the netork with some of the other high speed rail systems in Europe.The HS2 high-speed rail project could cost more than £80bn - almost double the current estimated cost of £42.6bn, a free-market think tank has said.The Institute for Economic Affairs (IEA) expects lobbying by local councils for extra infrastructure and design changes will inflate the cost.
It wants HS2 to be scrapped and the money spent on other transport schemes. Link.
I was for the project a year ago as it would boost the economy but now, with costs projected to be around £80 billion - I think it should be scrapped and the money spent elsewhere on the travel infrastructure of the UK. Interesting that the Darling interview has costs still at the £42 billion mark but even there - the former chancellor has changed his mind about the project too.Ex-Chancellor Alistair Darling has warned of a potential "nightmare" on England's existing railways if the multibillion-pound HS2 line is built.He was in the cabinet when the high speed rail scheme was approved in principle but has now changed his mind.
A rise in its budget from £32bn to £42.6bn would drain cash from other lines, he said. Link.
I think £80 billion on the East Coast, West Coast and link to Wales would do much more good for the whole country.