Monthly Archives: April 2014

Will HS2 really rob existing railways?

Buried deep in the financial case document for the UK’s High Speed 2 project is a curious figure. It will probably be overlooked in today’s parliamentary debate, where MPs are expected to give their support to the project in the … Continue reading

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HS2: don’t expect the private sector to pay up

The private sector will not finance the construction of High Speed 2, and will not fund (that is, without repayment) more than “a small percentage of the core costs” either. I have been saying that since 2011 in articles, blog posts and an article … Continue reading

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Cameron and Osborne’s new infrastructure clothes

As I write this, UK Prime Minister David Cameron and Chancellor George Osborne are giving a press conference talking about how they are supporting the creation of new infrastructure to boost the British economy. It may represent an epiphany on their … Continue reading

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すべての電車はわれわれたちがいただいた (all your trains are belong to us): Intercity Express

It’s taken seven years, but the UK government has finally finished agreeing on the supply of new trains to replace the ageing InterCity 125 and 225 sets used on the Great Western and East Coast main lines, under the Intercity … Continue reading

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Could London learn from Sydney airport plans?

First Istanbul, now Sydney. Another commercial capital city is planning to build a new airport as London continues dragging its feet. Australian Prime Minister Tony Abbott announced on Tuesday that Sydney would be getting a second airport, to the west of the … Continue reading

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Why French infrastructure fears Ségolène Royal

How quick the British media was to pick up on the appointment of Ségolène Royal to the French cabinet by President François Hollande last week. They leapt gleefully on the idea that the lothario president had been forced to keep … Continue reading

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Pensions, infrastructure and the Budget: uncreative destruction

Hopes that the British government might have a coherent plan for infrastructure were dashed when chancellor George Osborne delivered his Budget speech a couple of weeks ago. It didn’t go entirely unnoticed that his reform of the pensions system – loosening … Continue reading

Posted in Institutional investors, UK policy | Tagged | 6 Comments