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Headline

New HS2 chair vows to learn from Crossrail woes

Comment

Good to hear that "lessons will be learned".......How often have we heard that before? May I respectfully suggest that the lesson is this:- 1. Assume that the out-turn cost will be double the current back of the envelope estimate of £56 BILLION. 2. Add at least 5 years to the date of opening. 3. Adjust revenue expectations in accordance with the new date of opening. 4. Re-work the Benefit/Cost ratio. Since this will be considerably less than 1.0, the whole stupid vanity project becomes un-economic, thus 5. Cancel HS2 immediately, save over £100 BILLION and if the country really does have that sort of money, then spend it on sensible infrastructure.

Posted date

15 March, 2019

Posted time

0:03 am

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