die belebende Bedenkung

From failing to failed

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High speed train wreckBritain’s HS2 high-speed railway project has cost taxpayers £4.1 billion even before construction has started, the Financial Times reported.

[HS2 costs taxpayers £4.1bn before work even begins, Gill Plimmer, FT, 27 July 2018 (paywall)]

Martin Blaiklock, an infrastructure consultant, said the £4 bn represented around 8 – 10 per cent of estimated project costs, which he said was “somewhat high” for this stage of project planning, indicating that the final project cost would be “rather higher than expected”.
The costs come amid a wave of departures from the organisation, with a third of the board leaving in the past year, including the chairman David Higgins, finance director Steve Allen and non-executive director Lord Adonis, a leading driver of the project since its inception.
The Treasury’s own Infrastructure and Projects Authority has given HS2 an “amber/red” rating for each of the past six years — meaning there is a “high risk” of it not delivering value for money. A confidential report commissioned by the IPA and released in December 2016 also warned that costs were likely to end between 20 and 60 per cent over HS2’s £56 bn budget and that it would be “classified as ‘failed’ by any internationally recognised definition”.

So Andrew Adonis has ‘made off’, it seems. Why would that be?

'The sectetary of state is not available'

Written by beleben

July 29, 2018 at 9:23 am

Posted in High speed rail

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