Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Parliamentary Report Criticises HS2 Northern Leg Cancellation Raising Operational Concerns

by February 7, 2024
February 7, 2024
Parliamentary Report Criticises HS2 Northern Leg Cancellation Raising Operational Concerns

A scathing report from parliament’s spending watchdog has raised “urgent unanswered questions” regarding the cancellation of the northern leg of HS2, criticising the government’s understanding of the high-speed railway’s future operations.

The Public Accounts Committee of MPs highlighted concerns that the remaining London-Birmingham line would offer “very poor value for money,” with projected costs expected to far outweigh benefits. The decision to divert £36 billion into alternative transport schemes, including Network North, was met with skepticism.

The report underscored several unknown ramifications, including the impact on promised rail schemes and the disposal of land acquired for the northern extension beyond Birmingham.

Crucially, the Department for Transport (DfT) lacks comprehension of how HS2 will function as a functioning railway following recent alterations, particularly concerning connectivity to the west coast mainline and the limitations posed by track curvature on new trains.

Additionally, the decision to seek private investment for the final stretch into London Euston and station redevelopment was met with skepticism by MPs, who questioned the plausibility of securing private funding.

Chair of the committee, Meg Hillier, expressed concern over the government’s commitment to a project with soaring costs, especially after the decision to curtail the northern leg.

The final costs of HS2 remain uncertain, with current estimates for the London-Birmingham line reaching £67 billion, significantly higher than the initial budget. HS2 Ltd emphasized ongoing efforts to control costs and implement programmatic changes.

The DfT defended its plans, citing extensive private sector support for the Euston project and reiterated its commitment to delivering HS2 cost-effectively.

In response to the cancellation, independent plans are being developed by mayors Andy Street and Andy Burnham to enhance connectivity between West Midlands and Manchester.

Despite challenges, construction milestones for HS2 Phase One continue, with progress on Birmingham’s Curzon Street station and significant advancements in tunnel excavation.

Henri Murison of the Northern Powerhouse Partnership criticized the decision, emphasizing the economic importance of the northern sections of HS2.

The future of HS2 remains uncertain, with stakeholders grappling with cost challenges and operational complexities amidst ongoing developments in Britain’s transportation landscape.

Read more:
Parliamentary Report Criticises HS2 Northern Leg Cancellation Raising Operational Concerns

0
FacebookTwitterGoogle +Pinterest
previous post
The Importance of Getting Your Business On the First Page of Google
next post
A Year of Impact: CEO Chad Richison’s company Paycom looks back at philanthropic efforts in 2023

You may also like

Legal Myths and Misconceptions in the UK

August 8, 2024

‘Greenwashing’ firms face steep new UK fines for...

February 20, 2023

5 Things That Can Help You in Your...

June 25, 2024

One-third of homes for sale now chain-free as...

October 4, 2024

Neko Health co-founded by Spotify chief executive Daniel...

July 6, 2023

Airbus chief acknowledges significant production delays

July 29, 2024

Keir Starmer aims to reset Brexit relations with...

August 28, 2024

Cloud2Me Survey Unveils Major IT Hurdles Faced by...

November 25, 2024

Bank of England delays plans for move to...

November 22, 2022

Christmas party cancellations ‘near Omicron level amid UK...

December 9, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Young Americans Like Socialism Too Much—That’s a Problem Libertarians Must Fix

      May 15, 2025
    • Dems divided on Trump’s executive order aimed at slashing drug prices

      May 15, 2025
    • Supreme Court Chief Justice Roberts reins in Sotomayor after repeated interruptions

      May 15, 2025
    • Trump makes historic UAE visit as first US president in nearly 20 years

      May 15, 2025
    • How Automated Packaging is Revolutionizing Supply Chains

      May 15, 2025
    • Business Settings that Need Rolling Shutters

      May 15, 2025

    Categories

    • Business (7,968)
    • Investing (1,961)
    • Politics (15,232)
    • Stocks (3,084)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved