High Speed 2
Debate between Lord McLoughlin and John Redwood(8 years, 12 months ago)
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Mr McLoughlin
The hon. Lady, through her work as Chairman of the Transport Committee, has always been supportive of the overall objective of greater train capacity, and she has made the case for a more direct service to Liverpool, which is part of what I will be considering when I address the full route towards the end of next year. I have to say that my hon. Friend the Member for Crewe and Nantwich (Edward Timpson), who has joined me on the Front Bench, has also made the case as to why he believes that the announcement I have made today is the right decision. However, it is not just my decision. It is based on the overall structure reports produced by Sir David Higgins, the chairman of HS2. It is important how this feeds in to the rest of the question about national infrastructure, on which we have asked the National Infrastructure Commission to advise us, as far as the future of HS3 or indeed Crossrail 2 is concerned.
The hon. Lady asked whether this will be deliverable within the departmental spending changes announced last week, and the answer is yes.
John Redwood (Wokingham) (Con)
What are the forecast revenues and losses on the Crewe to west midland section when it opens in the first couple of years, and what are the consequentials on revenue and subsidies on the existing railway?
Mr McLoughlin
We believe that the benefit-cost ratios for the lines that I have announced today are positive and will bring a return for the country. I say to my right hon. Friend that it is not all about BCRs. If only BCRs had been taken into account, the Jubilee line would never have been built, Canary Wharf would never have been opened, and the Limehouse link tunnel, which had a BCR of 0.4 or 0.7, would never have been built, yet they have made huge differences. Infrastructure is sometimes expensive, but we should judge the BCRs not on the next 30 years, but on the next 100 years.