High Speed 2
UK is a great country which has proved many
times that it is very capable of constructing megaprojects effectively. Yes,
those projects also experience the same delays and budget constrains as others,
but the Kingdom has figured out ways to streamline its operations by having an
effective management. One megaproject which is being planned is High Speed 2.
The High Speed 2 would multiple cities in
UK such as London, Manchester and Birmingham. Work on Phase One began in 2017,
with operations planned to start in 2026, while Phase 2a would start in 2027
and phase 2b starting by 2033. HS2 would be publicly funded for at least the
development and construction phase. It is expected to cost at least US$84.4
billion. “Proponents have billed it as the single biggest opportunity for UK
economic growth in a generation, reducing travel times, releasing capacity, and
better connecting the nation’s capital with the provinces. However, sceptics
argue that public money could be better spent on local rail upgrades, with further
concerns over environmental damage. The latest estimates suggest that HS2 will
return around £2 worth of benefit for every £1 invested” (KPMG).
A map of the proposed project line (Image Credits: Peak Car)
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