Treasury officials are privately warning that the cash cost of the controversial High Speed 2 rail line will hit £73bn. FT article
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Anonymous
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£73bn in 2033 prices including interest. That's like saying that you won't buy a house as by the time you've paid off the Mortgage it will have cost you twice as much as you could have paid for it if you had paid cash.
A very bad feature of HS2 is that it will be under construction for the best part of a decade, with interest charges building up, before any revenue arises. With a project like the Channel Tunnel this was unavoidable, but a route that was meant to be providing additional capacity ought to be planned in such a way that the benefits could be realised as soon as at least one third of the construction had been completed.
2 kommentarer:
£73bn in 2033 prices including interest. That's like saying that you won't buy a house as by the time you've paid off the Mortgage it will have cost you twice as much as you could have paid for it if you had paid cash.
A very bad feature of HS2 is that it will be under construction for the best part of a decade, with interest charges building up, before any revenue arises. With a project like the Channel Tunnel this was unavoidable, but a route that was meant to be providing additional capacity ought to be planned in such a way that the benefits could be realised as soon as at least one third of the construction had been completed.
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