Lee
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« Reply #735 on: April 10, 2019, 08:38:57 » |
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Lee
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« Reply #736 on: April 13, 2019, 08:45:54 » |
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« Last Edit: April 13, 2019, 09:05:19 by Lee »
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Lee
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« Reply #737 on: April 16, 2019, 08:31:36 » |
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Red Squirrel
Administrator
Hero Member
Posts: 5450
There are some who call me... Tim
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« Reply #738 on: April 16, 2019, 10:56:34 » |
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Simon Jenkins has been a consistent critic of this project, as I recall. However one of his points does rather resonate: It is commuter railways, especially in the provinces, that are screaming for investment. The government’s obsession with another London-oriented mega-project is baffling.
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Things take longer to happen than you think they will, and then they happen faster than you thought they could.
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Lee
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« Reply #739 on: April 18, 2019, 08:46:57 » |
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Celestial
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« Reply #740 on: April 18, 2019, 10:26:37 » |
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Many of these properties will be those close to the line, but won't actually need to be demolished. But they are hard to sell because people don't want to live so close to a construction site, and they fear the noise once trains are running will be unbearable. So I suspect they will be rented out and once the line is up and running sold at a reasonable price. Once trains are passing I expect the actual disturbance will be much less than feared and that will be reflected in the sale price.
So whilst it may be true to say that £600m has been spent buying properties, I expect the eventual cost of those properties will be mainly limited to those that need to be demolished.
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« Last Edit: April 18, 2019, 11:21:03 by Celestial »
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Lee
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« Reply #742 on: April 24, 2019, 09:25:18 » |
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Lee
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« Reply #743 on: April 25, 2019, 08:50:40 » |
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https://www.building.co.uk/news/hs2-procurement-blunders-have-cost-us-100m-bechtel-says/5099129.articleHS2▸ procurement blunders have cost us £100m, Bechtel says
US giant goes to court after £1.1bn Old Oak station job awarded to Balfour Beatty team
Bechtel has said that its chance of winning the £1bn contract to build HS2’s Old Oak Common station was scuppered because of blunders the client made in its procurement process.
It has now gone to court to get the decision reversed and wants HS2 to award it the job instead – or stump up damages as an alternative.
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Robin Summerhill
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« Reply #745 on: April 28, 2019, 12:38:05 » |
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So it revolves around the issue of pensions again. Being unwilling to take newspaper reports (or government statements for that matter...) at face value, have we any "insiders" around here who can explain/ amplify what the issue with pensions actually is, and how it has change since previous franchise awards?
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stuving
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« Reply #746 on: April 28, 2019, 13:19:10 » |
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I can't see that getting anywhere. If you don't like the terms of an ITT▸ , don't bid - that's how it works. Making a bid that doesn't comply with the ITT is no way to get it changed; that would have to be done by a public argument beforehand. If DfT» have done something that could be proved (e.g. by judicial review) not in the public interest, or not allowed by some obscure bit of legislation, it's us the public that need compensating (with our own money, of course), not any of the bidders. And if their bid had been left in the competition, and the award had gone to them - or, even worse, to a compliant bid - the compliant bidders would have a very strong legal case against DfT.
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Lee
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« Reply #747 on: April 29, 2019, 03:39:40 » |
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So it revolves around the issue of pensions again. Being unwilling to take newspaper reports (or government statements for that matter...) at face value, have we any "insiders" around here who can explain/ amplify what the issue with pensions actually is, and how it has change since previous franchise awards? Lots of discussion including some explanation from long-time rail industry workers in this seperate topic.
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TaplowGreen
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« Reply #748 on: April 29, 2019, 06:08:22 » |
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So it revolves around the issue of pensions again. Being unwilling to take newspaper reports (or government statements for that matter...) at face value, have we any "insiders" around here who can explain/ amplify what the issue with pensions actually is, and how it has change since previous franchise awards? It'll most likely be a (completely understandable) reluctance to take on very expensive final salary pension commitments. These pretty much only now exist in the public sector and for those with preserved rights in privatised industries (thank you Gordon Brown), and in many cases are massively underfunded with huge deficits. Taking them on involves similarly huge risk. My Business has declined to bid for contracts in the past due to this being part of the deal as it's potentially financially crippling. Most of these schemes are now closed to new entrants so it's not a problem that will last forever.
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« Last Edit: April 29, 2019, 06:35:08 by TaplowGreen »
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Chris125
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« Reply #749 on: April 30, 2019, 23:02:05 » |
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Simon Jenkins has been a consistent critic of this project, as I recall. However one of his points does rather resonate: It is commuter railways, especially in the provinces, that are screaming for investment. The government’s obsession with another London-oriented mega-project is baffling.
HS2▸ *is* an investment in commuter lines - by putting long distance passengers on new, separate tracks there is significantly more capacity and timetabling possibilities for commuter and regional services that previously had to share. The potential is huge.
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« Last Edit: April 30, 2019, 23:07:15 by Chris125 »
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