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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 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 \| 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 G'rump928(c) : "[i]But when you need goods or services you go into ..." Ben Had: "AltonJackson, I think we are just about to get h ..." Bulgaroctonus : "Walmart is a Chinese whore. ..." Dead Name McGee: "I don’t actually want to SEE it with my own ..." Moron Robbie - The EPA has determined US has cooled since 1948: "It's an admirable goal. If you can, buy property ..." 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