Proceeding contribution from Lord Hammond of Runnymede (Conservative) in the House of Commons on Thursday, 19 May 2011. It occurred during Ministerial statement on McNulty Report and West Coast Rail.
McNulty Report and West Coast Rail
Yes. The High Speed 2 business case and the build and running costs put forward in the consultation document incorporate the Treasury's generous additional percentages for risk and optimism bias—with as much as 60% added to the basic costs in some cases—to address the very concern that my hon. Friend outlines.
Secondary information
- Type
- Proceeding contribution
- Reference
- 528 c532
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Cost effectiveness Fares Finance Franchises Railways Network Rail Subsidies Train operating companies West Coast main line Office of Rail Regulation Commuters Rail Value for Money Review
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 16:09:23 +0000
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