HS2 benefits ‘essentially made up’

by Jeremy on 31-Dec-2013

An article in today’s Telegraph confirms, yet again, that the financial justification for the HS2 scheme has no real basis. In the article Henry Overman, professor of economic geography at the London School of Economics and a former member of Whitehall’s high speed rail advisory panel, is quoted as saying that he had quit the panel after he felt its role had changed from providing independent advice to promoting the project.

The full article by David Millward, Transport Editor of the Telegraph, can be read here.

Further, the Telegraph reported yesterday that Eurostar had at last hit its target of carrying 10m passenger a year – just 15 years later than planned. The accuracy of this forecast may well give some indication of the accuracy of the performance figures forecast for the proposed HS2 line.

Read this full article by Nathalie Thomas in yesterday’s Telegraph – and note the penultimate paragraph. Yes, when Eurostar is at last able to claim success in hitting a key performace forecast, just a decade and a half late, the government intends to sell it off and allow others to reap the financial benefits of its success.

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