Date 09/12/2003
Ref. eye02
Private Eye unpublished
Sir
Railway madness
Following Dr Ching’s
Railway piece in No 1094 we
comment that even if the government's
targets for increasing rail
use were achievable the effect
on car travel would be imperceptible
- perhaps reducing the miles
driven by car from 120% of the
base value to 118%. Separately
from that element of madness
in the 10 year “plan”,
here are some examples of the
waste which railway “investment”
is.
The Channel Tunnel cost some
£25 billion including
the rail links each side of
the Tunnel yet the share price
values the system at only about
£1 billion. The implication
is that they may as well have
burnt £25 billion sufficient
to build the residential accommodation
for a city of one quarter of
a million people.
Then we have Modernisation
at possibly £100 billion
including operating subsidy.
When that is finished the system
will be worthless in the market
place implying the waste of
100,000 working men’s
lives.
Meanwhile, scarcely anyone
uses rail outside London and
all London commuters would all
have seats at a fraction the
cost of rail if they removed
the tracks and replaced with
a road surface managed to avoid
congestion. Replacement express
coaches would require a quarter
the space of the trains so that
the lorries which pour out onto
unsuitable streets past the
houses of the poor could at
last use the rights of way hitherto
sterilised by railway tracks.
Is it not time Dr Ching got
wise to these facts?
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