Ebbsfleet, already remarked as a 'white elephant' and built at a cost that would have
'cured' our minor problems in the South West forever.
If the economy picks up, then there are an awful lot of new houses earmarked for the surrounding area, so all those parking spaces may well be needed. And unless Network Rail really does get its costs under control, providing any sort of alternative to Dawlish sea wall will likely take a touch more than the ^100m Ebbsfleet reportedly cost (inclusive of the connections to the North Kent line).
We could electrify tommorrow if Networkrail could issue tradeable Electrification Bonds.
It can't. The Government has made it clear it is no longer going to pretend that
NR» 's debts are private and should not be counted on public sector balance sheets. Philip Hammond told the Commons Transport Select Committee the following in July:
Mr Hammond: We said in opposition that for practical purposes, regardless of how it was classified, we would conduct ourselves on the assumption that Network Rail^s debt was public debt. We will not hide behind an accounting convention. When we look at the macro-economic position, we are taking into the equation Network Rail^s debt because the reality is that ultimately the government stands behind that debt. While it is for others to decide how the debt is formally classified, from a practical, working point of view, we will assume that it is treated as public debt.
ie Network Rail can't just go issuing bonds without the nod from ministers in the current climate.
I suspect that given the financial black hole the country is in for the foreseeable future and the governments attitude to rail infrastructure investment this far South-West that if the Dawlish sea wall route were ever to fall over big time,that would be it for rail links west of Exeter and government would except that Plymouth would become the first major UK▸ city to loose its national rail link.
Sorry, but that's just silly. Remind me, which political parties hold all but one seat in the House of Commons west of Exeter? I have a feeling they would like to hang on to them.
If the railway did close, how would you propose to move people in and out of the area? Extend the M5 across the heart of Dartmoor to Plymouth and make it 12 lanes from Exeter to Bristol to cope on summer Saturdays? But that would be silly too - and cost even more than either reopening Meldon-Bere Alston or the Teign Valley.
I believe sea levels in the West Country are predicted to rise by 15 inches or so by the 2080s, so I'm not sure inundation of the sea wall is such an imminent threat that the current government will have to make a decision in the next five years, nor any subsequent governments from some years yet.