Yesterday, Lord Adonis, the transport secretary, announced plans for a new high-speed rail network. This will initially be between London and Birmingham and will have trains which can travel at 250mph and which will cut the journey time for the 120 miles to only 46 minutes.
There will be a full public consultation as to the exact route the line will take and work is not expected to start before 2017. There will be a number of positive externalities resulting from the venture.
Although the cost of the project will be between £15.8bn and £17.4bn, Lord Adonis said that 10,000 jobs would be created and the project would yield £2 in benefits for every £1 that was spent. A further extension is also planned to go further north in a Y-shape, so that one branch will go to Liverpool and Manchester and the other one to Sheffield and Leeds. It is expected that the cost per mile of the extension will be half the cost of the initial route, giving an overall cost of about £30bn.
Further advantages from the programme would be to remove cars and lorries from the roads and thus provide a low-carbon transport alternative. There would also be a reduction in domestic flights which would reduce the UK’s carbon footprint even further.
However, there will be negative environmental effects as well. There may have to be compulsory purchase of houses and factories which stand in the way of a new line, and it may have to be driven through land that is currently used for agriculture or recreation. There will also be the nuisance cost of the building of the line to local communities. It is hoped that the line might eventually be continued up to Scotland.












