HS2 Benefits Falling
October 30, 2013 by staff
HS2 Benefits Falling, The government’s latest business case for the HS2 high-speed rail link has slightly lowered the amount of benefit it predicts relative to the cost.
The expected benefit-cost ratio (BRC) has fallen from £2.50 to £2.30 in benefits for every pound spent.
That fall is mainly due to a £10bn rise in the scheme’s projected £42.6bn cost, which was added earlier this year.
The report is the latest update on questions such as who benefits and by how much.
It also has revised an earlier assumption that business people do not get much work done on trains, a view that was widely criticised at the time.
The new study has cut by one-third the value put on saving an hour’s worth of time getting between meetings or workplaces on a quicker train, to reflect that productive work is also done while travelling.
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