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Author Topic: Cost overrun  (Read 12434 times)

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BazaJT

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Cost overrun
« on: 20 July 2019, 08:44:35 »

I see a report has been released stating that the cost of the great white elephant that is HS2 will likely rise by a measly £30bn.When a project is put out to tender and then contracts signed how can costs be allowed to just spiral in this way?
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Lizzie Zoom

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Re: Cost overrun
« Reply #1 on: 20 July 2019, 09:21:21 »

I see a report has been released stating that the cost of the great white elephant that is HS2 will likely rise by a measly £30bn.When a project is put out to tender and then contracts signed how can costs be allowed to just spiral in this way?

It is a major British engineering project, so yes it is "allowed" to rocket beyond budget and behind time targets.  It has happened so often throughout our history over the last 200 years. ::) ::) :D :D ;)
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Nick W

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Re: Cost overrun
« Reply #2 on: 20 July 2019, 09:42:45 »

The Palace of Westminster cost 3 times the budget, and was supposed to be completed in 6 years. It took 30! HS2 hasn't even started to compare, and is still at a stage where we should cancel it rather than buying another white elephant.
« Last Edit: 20 July 2019, 09:44:40 by Nick W »
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STEMO

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Re: Cost overrun
« Reply #3 on: 20 July 2019, 12:43:30 »

Even if it is cancelled today, it will have cost billions.
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Sir Tigger KC

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Re: Cost overrun
« Reply #4 on: 20 July 2019, 12:55:21 »

They should convert it to MagLev!  :y

Solar powered of course...  ::)    ;D
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Nick W

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Re: Cost overrun
« Reply #5 on: 20 July 2019, 13:10:55 »

Even if it is cancelled today, it will have cost billions.


It's a colossal waste of money anyway, why piss more away?
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Re: Cost overrun
« Reply #6 on: 20 July 2019, 13:17:15 »

Scrap hs2 and make it a 5 lane motorway, be cheaper, and a lot more beneficial., Also send it in a straight line so it demolish's large areas of Birmingham, London.  If that fails ask the Luftwaffe to come back and remodel London properly.. ;D
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Re: Cost overrun
« Reply #7 on: 20 July 2019, 13:26:24 »

Even if it is cancelled today, it will have cost billions.

The original estimate for the channel tunnel was £67/14/6d.

I believe the final cost was considerably more. :)
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Re: Cost overrun
« Reply #8 on: 20 July 2019, 14:05:43 »

I see a report has been released stating that the cost of the great white elephant that is HS2 will likely rise by a measly £30bn.When a project is put out to tender and then contracts signed how can costs be allowed to just spiral in this way?

It is a major British engineering project, so yes it is "allowed" to rocket beyond budget and behind time targets.  It has happened so often throughout our history over the last 200 years. ::) ::) :D :D ;)

yes and the rich taxpayers have deep pockets so why let a minor overrun upset anyone.
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Lizzie Zoom

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Re: Cost overrun
« Reply #9 on: 20 July 2019, 14:54:27 »

I see a report has been released stating that the cost of the great white elephant that is HS2 will likely rise by a measly £30bn.When a project is put out to tender and then contracts signed how can costs be allowed to just spiral in this way?

It is a major British engineering project, so yes it is "allowed" to rocket beyond budget and behind time targets.  It has happened so often throughout our history over the last 200 years. ::) ::) :D :D ;)

yes and the rich taxpayers have deep pockets so why let a minor overrun upset anyone.

Indeed, and just think of the jobs it will create.

In addition we all want to see Britain Great again, so with the money they tell us we will save by existing the EU we can pay for this new line outright! :P :P :D :D ;)
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TheBoy

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Re: Cost overrun
« Reply #10 on: 21 July 2019, 09:58:03 »

I see a report has been released stating that the cost of the great white elephant that is HS2 will likely rise by a measly £30bn.When a project is put out to tender and then contracts signed how can costs be allowed to just spiral in this way?
Ah, but which original figures are we talking, as the initial roadshows I attended, run by Network Rail (because HS2 Ltd didn't exist properly then) couldn't make their mind up between £23bn and £30bn in their presentation.  When I asked for clarification, I was told its "only" a small discrepancy, and that it was irrelevant.
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Re: Cost overrun
« Reply #11 on: 21 July 2019, 10:15:48 »

I see a report has been released stating that the cost of the great white elephant that is HS2 will likely rise by a measly £30bn.When a project is put out to tender and then contracts signed how can costs be allowed to just spiral in this way?

It is a major British engineering project, so yes it is "allowed" to rocket beyond budget and behind time targets.  It has happened so often throughout our history over the last 200 years. ::) ::) :D :D ;)

yes and the rich taxpayers have deep pockets so why let a minor overrun upset anyone.

Indeed, and just think of the jobs it will create.

In addition we all want to see Britain Great again, so with the money they tell us we will save by existing the EU we can pay for this new line outright! :P :P :D :D ;)
This *ISN'T* the way.

Again, from the roadshows, for this to break even (ignoring build costs, this is just running costs), the maths is:
60% of every fare is to be subsidised by the taxpayer
Every train has to be at capacity (1200 people)
A train has to run every 3 minutes (I challenged them on the safety of a 180mph train at 3 min intervals, but was assured this wasn't an issue)

So, being the stupid kid from the local comp, my maths aint great, but that means it needs to carry well over a million people at day at full fare...  ...and "break even" still means the taxpayer footing 60% of the running cost (which again my schoolboy maths puts that well in excess of £55bn of taxpayer burden annually, or about £2k for everybody in employment).


Its an absolute colossal waste of money and resources. Their figures do not add up by orders of magnitude, and to quote on of the senior Network Rail execs at one of the early meetings when I pressed him, this is to secure their jobs, and make money for them.


Obviously, build costs do not include the additional costs to local councils for this great white elephant.  Our local town council are having to spend a fortune on anti gypo defences everywhere around town, because even the council is intelligent enough to know that this will not be built by skilled labour, but by diddys.
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Re: Cost overrun
« Reply #12 on: 21 July 2019, 15:17:38 »

You need to vote for the Brexit party then, as scrapping HS2 was the first policy they decided on after the Euro elections.  :y :D
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Lizzie Zoom

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Re: Cost overrun
« Reply #13 on: 21 July 2019, 18:07:36 »

You need to vote for the Brexit party then, as scrapping HS2 was the first policy they decided on after the Euro elections.  :y :D

So let's make Britain Great again once we leave the EU, but then let's cancel a great British engineering project that confirms we can still undertake such a project that the Victorians used to eat for breakfast! ::)  ::)

Little Britain here we come! :o :o
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STEMO

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Re: Cost overrun
« Reply #14 on: 21 July 2019, 18:28:59 »

You need to vote for the Brexit party then, as scrapping HS2 was the first policy they decided on after the Euro elections.  :y :D

So let's make Britain Great again once we leave the EU, but then let's cancel a great British engineering project that confirms we can still undertake such a project that the Victorians used to eat for breakfast! ::)  ::)

Little Britain here we come! :o :o
As Donald would say... 'If you don't like it......eff off'.
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