Northern Powerhouse Rail:
As demand for transportation via Rail has increased, Britain has done little to scale to the market; indeed, there is less track today than there was Circa 1960. 10% of the commuters travel VIA Rail and no new high-speed lines placed. Instead, they have relied on Express trains mixed with slow high-capacity carriages that have slowed down the entirety of the services.
The estimated cost of HS2 is £100 Billion. Valued initially at £42B, this gives the Tory government the heebie-jeebies, even more so for the 21 Tory MPS who’s constituencies will have tracks cutting straight through. £8B spent so far, and cancellation would see that money lost.
Carbon efficiencies are big talking points these days as well as passenger volume increasing 24% in the last ten years — the expected growth rate is similar to the future. With all these gloomy indications, there are bright sides. Interest rates are meager; the government could borrow cheap money. The benefit-cost ratio of the line (BCR) calculated is 1, But this hasn’t taken into account economic activity more foot traffic will provide along the line. The real BCR could be as high as 1.75 (every £1 it costs earns £1.75 back).