Railways: Intercity Express and Electrification

Lord Davies of Stamford Excerpts

Tuesday 1st March 2011 Lords Chamber

[Lord Shutt of Greetland]

My Lords, I am grateful for the comments my noble friend Lord Bates. Clearly, as a north-easterner, he is very concerned and happy that there is to be investment there. He is quite right to point out the change that has taken place. This positive piece of work will go on there. Not only will north-east England benefit from new employment opportunities, there will be the possibility of even greater employment opportunities because of the railway factory and other places that will enhance and put further work there. He is right that this is a real piece of work about which the coalition Government can be really be proud. As I say, this is a real good news story.

[Lord Davies of Stamford]

My Lords, it is not often that I welcome a decision of this Government, let alone feel inclined to congratulate the Government on anything. The only other major infrastructural decision they have taken over the past nine months—the decision to veto the third runway for Heathrow—was absolutely deplorable. However, today I really congratulate them. Those three projects are going to be enormously important for the economy of the country and clearly the most important one of all is the high-speed rail link. Will the Government do everything possible to accelerate these projects now this decision has been taken? We in this country generally take far too long to implement infrastructural projects. The longer such projects take to be built and to be commissioned, the more you postpone both the internal return and the external return and the more you damage the economics of the initial decision. Will the Government take a close look at the lead time for such projects in France, Germany and Spain between a decision being taken and the first high-speed train running, and will he try to make sure that they treat that as a target, which this country should seek to beat?

[Lord Shutt of Greetland]

My Lords, I thank the noble Lord, Lord Davies, for his contribution. I hear exactly what he says about lead time, and I will take back to the department his comments on that. Let us hope that these things can be speeded up.