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Article: United kingdom : [pounds sterling]34 billion high-speed rail line will pay for itself.
- Article from:
- TendersInfo
- Article date:
- August 27, 2009
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Byline: shiv03
Journey times from London to Scotland would be halved by building a [pounds sterling]34bn high-speed rail line, using a route preferred by Network Rail (NR).
A detailed study by the body responsible for the UK s rail infrastructure found that passengers would be able to reach Glasgow from the capital in just two hours 16 minutes, down from the current 4.5-hour journey time.
However, the report revealed that the project would generate a net loss of more than [pounds sterling]10bn over 60 years, making it likely that the full costs of the project would have to be met by the taxpayer, since funding from private companies would be ...