The company says the new site is expected to create 28,000 jobs and generate £50bn for the economy.
  • omcgo@lemmy.worldEnglish
    111·
    13 days ago

    Things like this get built off the back of public investment and subsidy.

    HS1, HS2, and the Oxford - > Cambridge line all massively contribute to the reason this is getting built. Not to mention all the Public roads in Bedfordshire.

    We must first invest public-ally then the private money follows. Crossrail cost £18.8 billion but the wider economic benefits it brings to London and the UK, are estimated at £42 billion.

    • ohulancutash@feddit.ukEnglish
      1·
      12 days ago

      Just a minor correction here, HS1 was not built with public funds. Indeed Thatcher wrote into the Channel Tunnel Act 1987 a clause making it illegal for any public subsidy to reach the tunnel or its connecting line. As a consequence, St Pancras is the only privately owned railway station on the national network, and HS1 itself is owned by a private consortium.