Authors are Paul Withrington of Transport Watch and Dr Richard Wellings of IEA.
From the press release:
They mentions the high conversion cost, but does not say how high. He says they would want to end all subsidies to rail.
They suggest that apart form LU only 250,000 people commute into London by rail in the peak hour.
Their central theme is that busways would have greater capacity than rail.
Capacity ^ Excluding those travelling on the underground, commuter railways transport a quarter of a million passengers into London during the morning peak hour, many of whom have to stand during their journey.150 express coaches, each seating 75 individuals would be able to carry the same number of commuters while occupying one seventh of the capacity of a one-lane busway, of a similar width to that required by a train.
He is obviously using some unconventional maths as by my calculation all those buses could only carry 11,250 people so each would have to do over 20 journeys in an hour to carry 250,000 people. They are therefore not going to transport people very far!
Does anyone know what the capacity is of a busway?