Ahead of a general election expected next year. Heres some of his speech i am ending this long running saga. I am cancelling the rest of the h52 project. And in its place. Applause. And in its place, we will reinvest every single penny, £36 billion, in hundreds of new Transport Projects in the north and the midlands, across the country. This means £36 billion of investment in the projects that will make a real difference across our nation. Applause ijust want to remind you exactly what hs2 actually is. Its a High Speed Railway which is what the Hs Stands For and it was touted as the uks biggest infrastructure project, aiming to transform public transport between london, the midlands and the north. The first part, between west london and birmingham in blue is already under construction and will be completed. But the length in red, stretching further north from birmingham to manchester, has now been officially scrapped. A separate eastern leg to leeds marked here in purple had already
Its soaring costs. He pledged to reinvest every penny in other Transport Projects in the north, the midlands and across the country. The speech was widely seen as an opportunity for the Prime Minister to revitalise his party ahead of a general election expected next year. Here are some of his speech. I am ending this long running saga. I am cancelling the rest of the h52 project. And in its place. And in its place, we will reinvest every single penny, £36 billion, in hundreds of new Transport Projects in the north and the midlands across the country. This means £36 billion of investment in the projects that will make a real difference across our nation. Applause ijust want to remind you exactly what hs2 actually is. Its a High Speed Railway which is what the Hs Stands For and it was touted as the uks biggest infrastructure project, aiming to transform public transport between london, the midlands and the north. The first part, between west london and birmingham, is already under cons
At least £22. 5 billion has already been spent building the london to birmingham section, while over £2 billion has gone towards the second phase on things such as buying up land and property. Labour manchester mayor andy burnham said ditching the manchester link would be a permanent statement to people in the north that they were second class citizens when it came to transport. Lets discuss the pros and cons. Joining me now is Alexandra Hall chen, whos the principal Policy Advisor for sustainability, skills, and employment at the institute of directors. Good morning to you. This has been such a contentious story. Ever since the leaks came out weeks ago about the future for hsz. What weeks ago about the future for hs2. What do you make of this decision on the part of the government . Decision on the part of the government . The key here is about stability government . The key here is about stability and about stability and Policy Making. Any instability in the business environment, i