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Martin Murray

High Speed Train Gets Approval

By January 18, 2012

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In 2006, the Eddington Transport Study was released in the UK. It was commissioned by the British Chancellor of the Exchequer, who is responsible for all economic and finance matters, and the Secretary of State for Transport. The report determined that the transport network in the UK was adequate and did not require new infrastructure such as high-speed railways or cross country motorways. The study concluded that the government should focus on improving the existing road and rail systems.

Fast forward six years, and now in 2012, the minority Conservative government has approved the go-ahead for phase one of a high-speed railway (HS2) between London and Birmingham, with future links to Leeds, Manchester and potentially Scotland. Phase one of HS2 project will cost 33 billion ($50.53 billion) and many have questioned its logic. A day after the approval of HS2 a report by an engineering firm, commissioned by the government, reports that HS2 offers a poor return on investment of taxpayers money. Despite the go-ahead decision, the opening date of the HS2 is projected to be sometime in 2026.

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Comments

January 18, 2012 at 9:19 am
(1) Devin Ransom says:

Martin,

Its great to see countries make improvements to infrasture in their countries that will help move products around increasing the abilities of supply chains. But sometimes the cost is to much. I think maybe the time isn’t quite right gor the rail improvement but it should sure help business in the future.

V/R
Devin

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