High Speed One, Evaluation of High Speed Rail ____________________________
Earlier this year, Volterra and Colin Buchanan evaluated the economic benefits of High Speed 1, currently the only high speed line in the UK. Our work was recently quoted in Land & Liberty - with a benefit-cost-ratio of over two to one, this represents a high value for money investment. Our innovative work sought news ways to quantify these impacts and found that house prices could rise by up to £30k in parts of Kent.
As part of the continuing debate about where further high speed lines should be built across the rest of the country, Volterra has just finished a study with Arup which considered the case for a high speed line to Yorkshire. Recently quoted in Rail magazine, we found that a high speed rail link via Yorkshire could provide between £1.5bn and £3bn of productivity benefits to the economy, in addition to transport benefits of around £29bn.
Current guidance still fails to capture the transformational impact which investment in new transport infrastructure might facilitate. Volterra remains dedicated to developing new and appropriate methods of evaluation. For further information, please email Ellie Cooper.
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