I do wonder how much information about HS2's viability is hidden from the public. Time will tell.
I'm not against spending on infrastructure outside London as long it is a self-financing project.
I do wonder how much information about HS2's viability is hidden from the public. Time will tell.
I'm not against spending on infrastructure outside London as long it is a self-financing project.
Very little infrastructure is self financing. A motorway doesn't pay for itself (unless a toll road,) but its presence may result in money making its way to the treasury through improved growth in an area for example.
On the other hand not all infrastructure benefits are financial. If that was the only criteria we'd never build hospitals. They don't make money but the improvements to healthcare, longevity and living standards aren't measured on a balance sheet.
Indeed. But those KPIs only concern financial performance in the sense of staying within budget allocated by the department of health. All other KPIs don't have anything to do with money.
They don't make money. Neither do roads, courts, police stations, fire stations or bridges. But we still make more of them.
I haven't looked into the history, cost etc., but from a passenger perspective, Japan really get their trains service right. They aren't cheap, but neither are trains in the UK, yet they are cleaner, more comfortable, faster, and punctual. And they are also currently expanding it so that it would be possible to go from Tokyo all the way to Sapporo without changing service. It would be the equivalent of having a line that goes from London all the way to Orkney (distance wise, and the fact that they had to build an undersea tunnel since it is on a separate island).
The service won't start before 2030, so it is a long way in the making (in that sense, it is also similar to HS2), but I actually have faith that they won't stray from the deadline by much (based on construction projects that I know of).
Now there may be good reasons why the UK train service is rather lacklustre and you can't seem to trust any deadlines.. but I've often wondered if it wouldn't be better to just outsource rail project management / constructions to Japanese contractors.
I think this video tells you all you need to know about HS2.
"Professor Lord May of Oxford is so appalled by the behaviour of HS2 Ltd that he says he would trust few people involved with HS2 to mow his lawn. Then, giving evidence, respected Mancunian economist and chair of the Cities Growth Commission, Jim O’Neill, reveals that the leaders of northern cities are unwilling to listen to the strong evidence that shows it would be far preferable for northern cities to be better connected to each other rather than connected by HS2 to London. House of Lords Ecomonics Affairs Committee: Economic Case for HS2, 13th January 2015"
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