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  • Property-a-holics

    North to benefit from £70bn transport upgrade



    A £70bn plan to transform transport links across the north of England has been unveiled.

    Transports chiefs claim the 30-year road and rail upgrade scheme will boost the economy by £100bn and “leave a legacy for future generations” creating 850,000 jobs.

    Transport for the North (TfN) announced the proposals, which they say will result in 1.3 million people living within an hour’s train journey from Manchester airport and at least four major northern cities.

    The report has identified seven “corridors” where investment should be focused including the creation of a new rail network, called Northern Powerhouse Rail.

    Proposed developments to train services include:

    • A new line between Liverpool and the HS2 Manchester spur via Warrington.

    • A new line between Manchester and Leeds via Bradford.

    • Upgrading the line between Leeds and Hull.

    • Upgrading the Sheffield to Hull line.

    • Upgrading the the Hope Valley line between Sheffield and Manchester.

    Full/source article 

    SEE ALSO  -          Northern Powerhouse - property perspective

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    It's great news for the north, but when I hear stats like this:

    " Transports chiefs claim the 30-year road and rail upgrade scheme will boost the economy by £100bn and “leave a legacy for future generations” creating 850,000 jobs "

    it sounds like someone has just plucked figures from their **** to justify the spend.

    £70billion will be at least £80+ billion when it's done. How can this ever be compared with 850k jobs being created? McJobs? £50k pa jobs? Manufacturing jobs?

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    I think they left off the '0' off the end of that '1' Peter. It will be an overspend just like at some point this year in the UK it will rain!

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    I suspect the overspend would be only 2-3 times the estimate, though it is equally likely that they will be cancelled.

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    Very interesting read! Will be good to watch and see how this plan unfolds.

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