beleben

die belebende Bedenkung

HS2 is about speed, not capacity (part five)

with 3 comments

Greengauge 21’s “High-Speed Rail Development Programme 2008/9 Workstream 1” gave Atkins’ estimates of the value of classic rail capacity released by a new high speed line.

Greengauge 21 reported Atkins valuation of classic capacity released by a new high-speed line

Currently, the official estimate for the cost of HS2 is £42.6 billion, at 2011 prices (without rolling stock). As can be seen, Atkins’ valuation of the released capacity benefits of a new high speed line amount to only a few per cent of the construction costs.

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Written by beleben

September 8, 2014 at 10:26 am

Posted in High speed rail, HS2

3 Responses

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  1. “A spreadsheet model was used …” … and then they decided to spend £50,000,000,000 !

    richie40

    September 8, 2014 at 10:45 am

  2. Question #2 for Beleben: How are these new local passenger services valued? Are they profitable as implied, or is this gross ticket revenue ignoring operation costs?

    Mike

    September 9, 2014 at 7:43 pm

    • In general, local passenger services (and freight) tend to require more subsidy than long distance high-speed. But in economic (rather than financial) terms, there might be a better case for new local services. No-one seems to really know what HS2 released capacity is, or how to value it. Valuation of released capacity benefits, and cost savings from running fewer trains on the classic track, are different unknown quantities.

      beleben

      September 10, 2014 at 8:42 pm


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