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Fair enough, I was reporting what I had read in an analysis piece that I found quite informative. I think the speed is being touted as the big gain, because for an individual passenger it is the main advantage they will experience. I'm torn — patching up old railway lines seems to be a cheap alternative to building a new one, with many of the advantages, but you could regard it as just putting off the inevitable — we will need a new line eventually. Another case is that spending on megaprojects for a country is not like spending your wages on a new car. The money spent will circulate in the economy being taxed at every transaction for years, until the stimulus effect of the big cash injection may even outweight the economic benefit of the new infrastructure (assuming most of the money is spent within the UK — which is usually the case for roads, rail, bridges tunnels etc) The Channel Tunnel was a disastrous investment for the banks that paid for it, but in the long term it has been hugely beneficial to the UK as a whole. It arguably should never have been privately financed (but big thanks to the French and Japanese banks I believe paid for it!) Another factor I remember reading is that the costs of HS2 snowballed because so much money was put into the budget to put it in tunnels under leafy tory shires, rather than in much cheaper cuttings or just running on surface. The french would have just built it across fields—  hence far quicker and cheaper to build

Sean Hodges ● 2476d

Reported in the papers in 1820. "Voices in educated circles have been raised in righteous outrage that a steel 'roadway' should be proposed, carving through open fields and close to hamlets for little more benefit save one might be arriving three days early at the great metropolois of Manchester. Men in the street were heard grumbling that "should one be required to be at one's destination at a certain date, then one simply travel by perfectly adequate carriage, three days before you had need of being there. Such wisdom is not dentistry!!". The poorer classes, who cannot avail themselves of such speedy travel arrangements, have still their trusty legs, and being poor, with much time being of their possession, may put aside perhaps a week or more in which to cover the same journey. What benefit would such folk gain from arriving in an unseemly rush? And it is of little need of stating, the cost to them most egregious! Passenger capacity, mentioned most fleetingly in closed quarters, were it a genuine reason for such fancy, would surely be met by the obvious solution of coaching entrepreneurs taking on more coaches, requiring in turn the breeding of more horses to facilitate such expansion. Business benefits to all! The horse breeders and blacksmiths, the saddlers and coach builders to name a few. The future populous of Great Britain will hail us for our foresight in standing firm, cancelling such folly, and saving the nation from the curse of haste-driven transportation."

Freddie Francis ● 2476d