World’s most expensive railway in the making

Dhaka,  Wed,  20 September 2017
Published : 17 Jul 2017, 15:59:46
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World’s most expensive railway in the making

The first big construction contracts for a new high-speed rail line are set to be awarded Monday, as a new study estimated that each mile of the initial section will cost over £400 million, almost twice the official figure, according to a global media report.

The contracts, worth £6.6 billion, will cover the main engineering work for the HS2 line between London and Birmingham, including the building of tunnels, bridges, embankments and viaducts. The government said these contracts would support 16,000 jobs.

But as the flagship project celebrated the milestone, an independent expert calculated that the initial section would cost almost £48 billion, making it the most expensive railway in the world and 15 times the cost per mile of the latest TGV line in France.

In documents first obtained by the Sunday Times, Michael Byng, who worked alongside Network Rail to devise its method for costing projects, estimated costs for the first stage of HS2 which, if extrapolated, would result in a £104 billion price tag for the full project.

- SZ
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