High Speed 2: A Review Of Early Programme Preparation: Department For Transport
HC 124, Report by the Comptroller and Auditor General, Session 2013-14
- National Audit Office (NAO)
- TSO (The Stationery Office)
'High Speed 2: A Review Of Early Programme Preparation: Department for Transport (HC 124)' examines the progress progress by the Department for Transport in planning for the High Speed 2 (HS2) rail network.
The report expresses a number of reservations about the Department's business case:
the strategic need for a transformation in rail capacity and how HS2 will help generate regional economic growth has been poorly articulated;
the methodology for appraising the project puts a high emphasis on journey-time savings, but the relationship between these savings and the strategic reasons for undertaking the project is unclear;
the benefit-cost ratio calculated for phase one has twice contained errors, and the Department has been slow to carry out its own assurance of the underlying analysis;
the Department has not researched how business travellers use their time on trains; and
HS2 Limited has not yet analysed the effect on passenger demand, revenues and the benefit-cost ratio of charging passengers premium prices.
The NAO estimates that there is a £3.3 billion funding gap over four years (2017-18 to 2020-21) which the Government has yet to decide how to fill.
|Format||Paperback||Published||16 May 2013|
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