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August 18, 2013

Economists: Brit high speed rail scheme costs will be 2X projections

I know, its a real shocker that proponents of these schemes might grossly low-ball their actual costs.

The study by the Institute of Economic Affairs warns the scheme’s cost has been dramatically underestimated and says it “defies economic logic”.

It will bluntly call for it to be cancelled and will suggest ministers are pursing the project to “buy votes” in Labour’s northern heartlands.

The verdict of the report is the latest blow to the troubled scheme and comes after the Department for Transport admitted its own official estimate of the cost was wrong...

Dramatically underestimated? Defy economic logic? Vote buying? Un-possible! These are TOP MEN, of unimpeachable integrity.

In other completely unrelated news, a BBC Australia correspondent is making a move to New York to become their NY/UN correspondent.

His "goodby Australia" and "hello NY" columns are worth a read. This is a "full Weiner" thread -- let it all hang out.

posted by Purp at 05:34 PM

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The verdict of the report is the latest blow to the troubled scheme and comes after the Department for Transport admitted its own official estimate of the cost was wrong... Dramatically underestimated? Defy economic logic? Vote buying? Un-possible! These are TOP MEN, of unimpeachable integrity. In other completely unrelated news, a BBC Australia correspondent is making a move to New York to become their NY/UN correspondent. His "goodby Australia" and "hello NY" columns are worth a read. This is a "full Weiner" thread -- let it all hang out. posted by Purp at 05:34 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments blake - semi lurker in marginal standing (tT6L1): "I recently purchased a Citizen Corso Eco-Drive Chr ..." RedMindBlueState[/i][/b][/s][/u]: "[i]One in the Chamber or Not?[/i] For my 1911? ..." Pillage Idiot: "If Scoobs is ever involved in a self-defense situa ..." TRex: "Good evening Horde. Thanks Weasel! BTW, check you ..." Notorious BFD: "[i]One in the Chamber or Not?[/i] Yes. 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