Liverpool could benefit if £33bn HS2 high-speed rail project was scrapped, report finds

Liverpool could benefit if £33bn HS2 high-speed rail project was scrapped, report finds : A think-tank report claimed the £33bn cost of the controversial HS2 high-speed rail line would be better spent on other transport projects, including schemes on Merseyside.

A report by the New Economics Foundation (NEF) said it was “time to invest in transport away from London” with the money earmarked for HS2 being “better spent elsewhere”. It added there was only “limited” evidence that HS2 would promote economic growth or tackle the North-South divide.

The foundation suggested a range of alternatives for the money that will be spent on HS2. This included £6bn which could be used to upgrade mass transport in major English cities such as Liverpool, including investments in large light rail schemes and bus networks.

Other alternatives were £10bn to transform rail infrastructure in northern England and the Midlands; £10bn to overhaul the east and west Coast main lines; £4.5bn to roll-out superfast fibre optic broadband across the country and £2bn to make cities outside London better for cycling and walking.

David Theiss, a researcher at the NEF, said: “HS2 is the largest transport investment in the UK’s history. At the moment it amounts to a £33 billion gamble.“Our research shows the government is backing the wrong horse. Instead of pouring billions of pounds into a single line that will take 20 years to complete we should be spreading our bets on a wider range of transport investments that offer better value for money.”

HS2 high-speed rail

Source : liverpoolecho

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