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HS2 and the funding envelope

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Former British Rail operations manager Lord Bradshaw described the official HS2 cost estimates as “flimsy” in a 24 January House of Lords debate that was largely concerned with the pros and cons of terminating the line, temporarily or otherwise, at Old Oak Common.

In the debate, Lord Berkeley said that ‘Michael Bing, a quantity surveyor who has written the textbook of costings for Network Rail’, had estimated the cost of HS2 phase one (London – West Midlands) at about £54 billion. (The government ‘funding envelope’ for the entire project (phase one and phase two) is £55.7 billion at 2015 prices.)

Lord Berkeley and the Baron of Camden Town in the House of Lords, 24 January 2017

On 5 June 2013, Railnews reported a proposal “to give millions of people in central England direct access to HS2” by re-activating the Stonebridge railway was backed by “Railnews editorial director Alan Marshall and specialist quantity surveyor Michael Byng”. Whether the ‘Stonebridge Michael Byng’ and the ‘£54 billion phase one Michael Bing’, are one and the same person, is not clear.

Transport for London projection showing that the entirety of HS2 Y network travellers could be accommodated on Crossrail 1

What is clear, is the continuing unlikelihood of HS2 being opened on time, or within the funding envelope.

Parliamentary written question HL4189, 15 December 2016

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Written by beleben

January 25, 2017 at 2:57 pm

Posted in High speed rail, HS2

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