Couldnt find a thread on this, mods if there is one please merge
The final decision on whether or not to go ahead with HS2 should be coming in the next week or two. A mate in TfL tells me the feeling is that Boris has always been big on infrastructure and will sanction it despite the rising costs which are now off the scale. On top of this Boris' closest advisor has labelled it as a "disaster zone" and many southern based Tory MPs are opposed to proceeding.
Latest price on it is £106 billion and thats up from £55 billion which is up from £30bn. Recent leaks on a report confirmed that even the £106bn figure is not achievable and now they've built in a contingency bringing it to £130bn. And even the £130bn figure is accepted as rising even further as the second part of the line (Birmingham to Manchester) wouldnt be complete until 2040 at the earliest. As costs have gone up the cost/benefit ratio has gone down. What started as a £2.30 return to the economy for every £1 invested has now turned into £1.30 for every pound spent.
Arguments for the HS2 include saving carbon emissions over car based transport and that this brand new route will then free up lots of capacity on routes that are being used now but inefficient at mixing high speed rail and more local routes. Overall the high speed element isnt really that high speed- a Manchester to London journey on HS2 would only be 40 minutes quicker than it is right now
Politicians in northern cities are now saying that their preferred option is to instead build the planned Northern Powerhorse Railway which would connect Liverpool to Manchester to Leeds and serve much more northerners who use that route over trips down south to London.
If Boris does go ahead with HS2 as expected (and there has been £7bn sunk costs on CPOs already) then its fast looking like HS2 could be the worlds most expensive railway.