We are conditioned to accept that as projects such as High Speed 2 (HS2) are progressed, the cost estimates will rise. This, of course, invalidates a cost-benefit analysis – unless benefits are also magically inflated, a not uncommon concurrence. In the meantime, the costs have infiltrated government policy and funding commitments – that is, the dodgy numbers pervert good decision-making.
Read the full blog post hereSource: http://www.iea.org.uk/blog/high-speed-2-and-dodgy-numbers-why-detailed-costings-must-be-subject-to-public-scrutiny
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