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Is high speed rail our national boondoggle? : Comments
By Alan Davies, published 13/4/2016The Prime Minister's embrace of east coast High Speed Rail and his spinning of value capture removes any doubt he's just as cynical and opportunistic as Labor and the Greens.
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And given that fact, the numbers do stack up! Furthermore, fast trains are fueled by locally available, vastly cheaper fuel regardless of movements in the oil price, which by the way sent many international airlines to the wall!
Moreover if technically literate and former merchant banker Malcolm is for it, steam and telegraph enthusiast Tony with his broken record rhetoric and devine, never wrong, wisdom, is against it.
As for value paying for the thing. The best comparison the detractors have been able to find has been in highly urbanized england.
And where the problem is so great, they've even resorted to a congestion tax just to keep cars out of London.
And given comparative resumption cost, it's no mystery why they couldn't get much out of value. It's a chalk and cheese comparison!
We for our part have large tracts of relatively cheap rural land along any proposed route, and if a wide enough corridor is resumed at fair market value and with large scale urban rezoning in play along that resumed corridor, extracted value could pay for the thing.
In any event, infrastructure that is delayed by a decade, sees the price double by the decade, which by the way serves the needs of a whole host of vested opposing interest. Who will fight on grimly hoping that it will never happen?
Think, for every dollar invested, reported studies show and before a single train rolls out, there will be 2.3 dollars of additional stimulated economic benefit or growth.
Simply put, we've always had these self confessed experts who always know all the reasons it won't work or can't be done; and in the case of fast trains, just here and nowhere else!
And had we listened to that "never ever wrong", sage advice, we'd still be living in caves chasing our food down with a stone tied to a stick!
Rhrosty.