HS2 Construction Begins - Project needs Wider Investment to achieve high ambitions and overcome challengesDownload FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/hs-construction-begins-project-needs-wider-investmentachieve-high-ambitions-overcome-challenges-998SummaryThe high-speed rail network known as HS2, which is hoped to connect London, Birmingham, Manchester and Leeds upon completion in 2033, has officially begun construction as of 4th September 2020.
HS2 has been controversial since its inception, with multiple campaign groups arguing that the promised economic and environmental benefits are deceptive and self-defeating.
Faced with this escalating cost, it is important to identify the new economic benefits in the light of COVID-19.
The government?s promise of 22,000 jobs over HS2?s supply chain is welcome, but its successful fulfillment is now vital.
The stagnant construction sector will receive a boost, but there are opportunity costs which threaten to outweigh this economic stimulus if the project?s budget continues to spiral out of control.
Connecting four major cities will not be enough to significantly narrow the economic divide between London and the north.