High Speed II (HS2) in an Initiative

High Speed II (HS2) in an initiative by the British government to invest in the future of the country's rail network in order to transform its economic geography. The project is aimed at helping businesses to function more productively, bring key cities closer together, and foster the growth of employment and regeneration. Moreover, the high speed II rail initiative is for the purpose of providing alternatives to domestic aviation and developing a platform that supports long-term and sustainable prosperity and economic growth.

As part of the strategy, the British government has set up the High Speed Two Limited Company (HS2 Ltd.) to consider the feasibility of the rail services between London and the West Midlands. Problems Associated with High Speed II Strategy: While the strategy is geared towards accomplishing several goals that will transform the rail network, there are various problems associated with the high speed II initiative.

Some of these major issues of the project include Huge Financial Risk: One of the major problems associated with this project is the higher level of financial risks since it's believed that the total cost for the construction of this rail network will be more than the forecasted costs. As compared to the earlier high speed I strategy, the high speed II initiative has a huge level of financial risk given that the estimated cost for the project is approximately £34 billion.

The success of the HS2 strategy is dependent on estimates of demand growth, which are very high as compared with a series of past predictions for long-distance rail travel (Aizlewood & Wellings, 2011). Commercial Viability: The second problem associated with the HS2 strategy is that it's not commercially viable and will need substantial and rising subsidy levels. The project is likely to create demand for extra high costs and transport capacities that are funded by taxpayers.

Moreover, the construction of the high speed II rail network will incorporate the appropriation of huge number of properties on the route. Notably, the assessment of the project as presented in the Government's economic case does not include vital environmental and social costs. Consequences of and Solutions to these Problems: Due to the major problems associated with the high speed II strategy, there are various consequences of this project that will impact taxpayers, the environment, and the community.

First, due to the huge financial risks, taxpayers will be forced to bear a very high proportion of the project's financial implications. With higher taxation, many taxpayers will be unable to derive any benefit from the scheme especially with its huge estimated costs. The environmental and community impact or consequences of the project are property demolition and land take, carbon emissions, and the loss of recreation space and wildlife habitat. Some of the solutions to these problems include examination of the.