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☆ Britain is building the most expensive railway in the world. Many people now think it’s pointless
▼ + stars: | 2024-11-18 | by ( Ben Jones | ) edition.cnn.com time to read: +17 min

Population density and topography obviously have a significant effect on construction costs. “There was also a lack of discussion over the chosen route, which could have followed existing highway corridors.”Rapidly rising construction costs have plagued major projects across the world in recent years. Signs placed on a fence by environmental activists protest against tree-felling operations for the HS2 rail link at Jones Hill Wood in Wendover, England, in April 2021. However, their efforts were in vain and only succeeded in significantly driving up construction costs. ‘Mutilated and pointless’Plans have been dropped for a proposed HS2 railway station at Meadowhall in Sheffield.

Persons: hoardings, Henry Nicholls, it’s, Christian Wolmar, ”, Ricardo Ferreras, “, ” Ferreras, Wolmar, Chris Gorman, Wood, Mark Kerrison, Joe Giddens, Mike Kemp, Rishi Sunak, Anna Gowthorpe Organizations: CNN, Speed, Britain, WHOOSH, Station, London Times, ” Railway, CNN Travel, —, Chiltern, New Economics Foundation, London Euston, Birmingham Airport, Crewe, Conservative, Labour, Birmingham, Sunak, Leeds, High Speed Rail, Hitachi, Alstom, Siemens, Euston, Treasury, Audit Office Locations: United States, Bordeaux, France, China, Japan, London, English, Birmingham, Jakarta, Bandung, London's, AFP, Britain, Ukraine, Europe, Spain, Great, England, Jones, Wendover, Buckinghamshire, Colne, Cross , Hertfordshire, Manchester, Leeds, Scotland, Wales, Euston, Crewe, Meadowhall, Sheffield, Midlands, Nottingham, Liverpool

☆ HS2: Britain's high-speed rail fiasco reflects grim economic reality
▼ + stars: | 2023-10-05 | by ( Mark Thompson | ) edition.cnn.com time to read: +6 min

“Our plan will drive far more growth and opportunity here in the north than a faster train to London ever would,” he said Wednesday. Some of the alternatives Sunak highlighted were predicated on the delivery of HS2, said Henrietta Bailey, CEO of Greater Birmingham Chambers of Commerce. “This is the biggest and most damaging U-turn in the history of UK infrastructure,” the High Speed Rail Group, which represents companies such as Siemens, Hitachi and Bombardier, said in a statement. “The decision … sends a hugely disappointing message about our commitment to completing major infrastructure projects in the UK,” said Stephen Phipson, chief executive of Make UK, which represents manufacturing firms. The country must hope that his latest policy reversal doesn’t deter investors and further undermine a struggling UK economy, perpetuating a doom-loop of weak growth and underinvestment.

Persons: Rishi Sunak, Sunak, ”, Henrietta Bailey, Stephen Phipson, Mark Allen, ” Sunak, —, Liz Truss, he’s, Sunak blinked, James Mason, ” — Hanna Ziady Organizations: London CNN —, Leeds, Birmingham Chambers of Commerce, HS2 —, Conservative, Speed Rail Group, Siemens, Hitachi, Bombardier, Make, Investors, Treasury, Business Locations: England, United Kingdom, London, Germany, France, Italy, China, Japan, Edinburgh, Birmingham, Manchester, Britain, West, North Yorkshire

☆ HS2: UK PM Rishi Sunak slashes giant rail project as business warns of blow to credibility
▼ + stars: | 2023-10-04 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —UK Prime Minister Rishi Sunak has taken the axe to Britain’s biggest current infrastructure project, despite warnings from business leaders that the U-turn will damage investor confidence in the country. “This means £36 billion of investment in the projects that will make a real difference across our nation,” he added. “Any deviation could result in a loss of investor trust, and this would have a considerable negative impact on the UK. The ambitious HS2 project falls into this category.”The U-turn was also blasted by Richard Walker, the boss of supermarket chain Iceland, and until recently a long-time Conservative Party member. The government’s “evident inability” to deliver on major projects “is devastating to both its credibility and to business confidence,” Walker wrote in The Guardian newspaper Sunday.

Persons: Rishi Sunak, Sunak, ” Sunak, Andy Street, We’ve, Tom Wagner, Wagner, ”, Richard Walker, ” Walker Organizations: London CNN —, Manchester —, Conservative Party Conference, Conservative Party, Conservative, Investors, LBC, Knighthead Capital Management, Birmingham City football, The Guardian, “ Locations: London, Birmingham, Manchester, United Kingdom, England, Iceland

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