Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Finance

Cheaper ‘HS2-light’ line beyond Birmingham considered by ministers

Ministers are exploring plans to build a more cost-effective “HS2-light” railway line between Birmingham and Manchester, after the original high-speed rail project beyond Birmingham was scrapped.

This new proposal, which aims to improve capacity while reducing costs, is being considered as part of a broader review of the country’s infrastructure needs.

The “HS2-light” line would involve constructing a section between Birmingham and Crewe that allows trains to travel faster than on the West Coast mainline but slower than HS2, potentially cutting costs by up to 40%. The government believes this solution is necessary to resolve the impending “capacity crunch” on the West Coast mainline when HS2 begins running in the 2030s. Without new infrastructure, rail capacity between Birmingham and Manchester could decrease by 17%, according to the National Audit Office.

The proposal comes after Transport Secretary Louise Haigh confirmed that HS2 would terminate at London’s Euston rather than Old Oak Common. Senior government sources suggest the plan could move forward after the spring’s three-year spending review, with funding potentially supported by fiscal rule changes to be announced by Chancellor Rachel Reeves in her upcoming budget.

The plan aligns with proposals put forward by Labour mayors Andy Burnham and Richard Parker. They argue that building a new line north of Birmingham is critical for improving both passenger and freight capacity between the Midlands and the north of England. Their report, led by former HS2 Ltd chairman Sir David Higgins, calls for a line connecting Lichfield in Staffordshire to High Legh in Cheshire, with links to the planned east-west Northern Powerhouse Rail.

Henri Murison, chief executive of the Northern Powerhouse Partnership, highlighted the urgent need for the new line, calling it the only viable solution to the region’s capacity issues. He said, “A solution which connects the north and Birmingham with a new line will also link Leeds and the northeast.”

Senior figures within the government have acknowledged the need for action, with one source noting, “There is a realisation in government that what they’ve got at the moment is a complete dog’s breakfast and that something needs to be done.”

The final decision on the “HS2-light” line is expected in the coming months, as ministers assess the best way to move forward with the UK’s rail infrastructure plans.

    You May Also Like

    Finance

    When you’re considering a redesign or migration of your website, one of the primary concerns is preserving your SEO efforts. Even a seemingly minor...

    Finance

    The European Union has voted to impose tariffs of up to 35% on Chinese electric vehicles, a decision that has divided member states and...

    Finance

    The Confederation of British Industry (CBI) has urged Chancellor Rachel Reeves to introduce significant tax cuts for electric car, heat pump, and biofuel manufacturers...

    Finance

    US dockworkers have agreed to end a three-day strike that brought shipping to a standstill along the east and Gulf coasts, after reaching a...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Captain Of Success. All Rights Reserved.