1) the review “didn’t have time to develop own robust bottom-up estimate of costs”..but…”did examine estimates for HS2.” #HS2 #HS2reviewconclusions
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2) “the impact of cancelling HS2 would be significant” - £9bn spent so far – “additional direct costs of cancelling project estimated at £2.5bn to £3.6bn”
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3) “there would also be significant detrimental consequences for the supply chain and the fragile UK construction industry and confidence if cancelled”
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4) full (HS2) network needed to realise the benefits of investment in HS2
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5) “Phase One as a standalone scheme makes little sense”
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6) “Substantial changes to specification and design requirements which would reduce the costs of Phase 1...would require changing of Phase 1 Act”…”would cause significant delay…causing further uncertainty and blight to communities along the route”
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7) HS2 “would help Govt achieve its net zero target by 2050”
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7) Last one should read...HS2 “would help Govt achieve its net carbon zero target by 2050”
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8) “Getting private sector to contribute funding development of HS2 stations & removing ‘gold plating’ on HS2 and optimising the design - could deliver substantial savings on latter stages
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9) HS2 Ltd needs to improve performance in cost management. (There is a need to) overhaul governance of the project - ensuring that Govt has proper oversight into what is happening on the project and control over costs
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10) "upgrading existing victorian railway network is challenging and costly"
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11) “more needs to be done to ensure the Midlands and North of E get improved rail services”
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12) “review recommends embracing Phase 2b alongside an integrated railway investment programme - with a regular and annual spend for the midlands and north of E”
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13) "DfT & IPA (treasury) have taken steps in past year to learn lessons on major projects and ensure risks managed more effectively"
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14) But review says “the govt needs to continue to ensure lessons are fully embedded at all stages - including project design and delivery. Need to consider how to better involve parliament in setting realistic budgets for major projects.”
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We're now moving onto the Exec Summary... "The review considers that, on balance, ministers should proceed with the HS2 project, subject to the following conclusions and a number of qualifications."
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16) “The original rationale for HS2 still holds - there is a need for greater capacity and reliability on the GB rail network as a whole.”
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17) “there are no shovel-ready alternative investments in the existing network…if HS2 were to be cancelled, many years of planning work would be required to identify, design and develop new proposals."
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18) "The upgrading of existing lines would also come at a high passenger cost with significant disruption.”
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19) “There would be serious consequences for the supply chain, the fragile UK construction industry and confidence in UK infrastructure planning if HS2 were to be cancelled at this late stage.”
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20) “…accordingly, the review strongly advises against cancelling the HS2 scheme.”
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Now taking a break to do some filming. Will start another thread on the
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