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The HS2 cost for taxpayers could top £90bn, warns the TaxPayers’ Alliance

Monday 20 February 2017 12:01 am Humber Bridge 130,544,090,000 Copenhagen Metro Boston–New York–Washington Railway 60 per cent 190 per cent A spokesperson for the Department for Transport (DfT) said: “HS2 will become the backbone of our national rail network – creating more seats for passengers, supporting growth and regeneration and helping us build an economy that works for all. We are keeping a tough grip on costs and the project is on time and on budget at £55.7bn.”John O’Connell, chief executive of the TaxPayers’ Alliance, said: 164,599,070,000 London Limehouse Road Tunnel 99,894,608,000 102,164,940,000 141,895,750,000 180 per cent 76 per cent 110 per cent Projected cost (£bn, 2016 prices) Share 119,192,430,000 130 per cent HS2 costs could top £90bn, if the high-speed rail project follows in the footsteps of other government-managed, large infrastructure projects, according to a think tank.The TaxPayers’ Alliance has warned that taxpayers should “take no comfort” in government insistence that HS2 will be delivered on budget, given an “appalling track record”. 90,813,280,000 High-speed Rail Line South, The Netherlands Rebecca Smith London Jubilee Line extension Project It beggars belief that the government seems set to plough ahead with the first phase of this hugely expensive vanity project. Instead, politicians should opt for smaller, more effective infrastructure projects which would actually benefit the economy and help drivers, commuters, businesses and taxpayers.All the evidence shows that big government projects are delivered way over budget and almost never to deadline, so to allocate tens of billions of taxpayers’ money to this white elephant is a big mistake. 80 per cent whatsapp Channel Tunnel Ministers had said the London 2012 Olympics as evidence they can deliver big projects to budget, but the TPA said the final cost was £9.3bn, from an original budget of £2.4bn.Read more: HS2 payments to incoming chief exec’s firm CH2M soarIt has compiled a list of other transport infrastructure projects and analysed what HS2 will cost if it goes over budget as those have done, with the lowest estimate, £90.8bn. If it overran to the same extent as the London Olympics, the cost would be £99.9bn.Read more: HS2 faces questions over chief exec appointmentHow HS2’s cost could escalate if it goes over budget to the same degree as other transport projects: whatsapp Minneapolis Hiawatha light rail line Overrun 80 per cent 158,923,240,000 102,164,940,000 London Olympics The HS2 cost for taxpayers could top £90bn, warns the TaxPayers’ Alliance 150 per cent More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com

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