Rail News
one year ago
U.K. Business Condemns Talk of Scaling Back High-Speed Rail Plan
Bloomberg
August 27, 2021
Britain’s biggest business lobby said speculation about a scaling back of the country’s High Speed 2 rail project is becoming damaging and the government should commit to completing the plan on time and in full.
Media reports suggesting the eastern arm of HS2 will be scrapped as costs spiral above 100 billion pounds ($137 billion) risk undermining confidence and investment decisions, the Confederation of British Industry said Friday.
HS2 is “a cornerstone of government and business ambitions,” CBI Chief Policy Director Matthew Fell said in an emailed statement. “It’s too important a project to downgrade. Reductions in road emissions and congestion will benefit the environment, and improved transport links can forge new collaborations between businesses, cities and regions.”
Source
https://www.bloomberg.com/news/articles/2021-08-27/u-k-business-condemns-talk-of-scaling-back-high-speed-rail-plan
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