Railway Manager & sustainable transport advocate. Travel, rail, transport & languages enthusiast. Mainly here for the trains... He/him 🌈♻️🚅 🛤🚇🚋🚲🕎
Dec 22, 2020 • 26 tweets • 15 min read
So we start with the 1st line & hit the buffers as we hit the “reallocate funds fallacy”. This has been explained so many times. Cancelling #HS2 means no money for anything else. Funds raised for #HS2 can ONLY be spent on HS2 & these funds are borrowed against future use.
If there’s no HS2, there’s no funding for HS2 & no money. Also please explain how NR received an initial £48bn for CP6 back in 2019 if HS2 was “hoovering up funds”. As for value, as seen with existing lines, heavy capital costs are made back over the lengthy operational timespan