HS2 Phase 2b: An Economic Review

CEGE Property and Construction Consultants Ltd. Heading.

loago 2.mp4. BCR Calculations Assumptions. The key driver for the Benefits appraisal assumes that:.

loago 1.mp4. BCR: Benefits and Multipliers. . The Phase 1 and Full Network benefits were listed from the source.

loago 4.mp4. BCR: Future Values. Benefit values and future values were determined using:.

loago 3.mp4. BCR: Demand Trends. Fig. 1: Passenger rail demand estimation.

loago 5.mp4. BCR: Present Value. Why?. The Future Value at the set appraisal period was then converted into a value, via:.

loago 7.mp4. BCR: Capital Investments. . The capital investment in the project:.

loago 8.mp4. Benefits Workbook 10-year Appraisal.

Costs Workbook 10-year appraisal. Type Cost Label Description £ - Base £ I Capital Purchase of land, minerals and permanent rights including 1411000000 £ 1,411,000,000.00 Railway works Permanent ways 1989000000 £ 16,541,727,986.61 Earthworks 1844000000 £ 15,335,820,214.83 Station and station improvements, maintenance and other depots, vehicle parks, buildings and associated works 3564000000 £ 29,640,381,369.67 Tunnels, including ventilation and drainange, and bridges including viaducts and other structures 4297000000 £ 35,736,453,071.12 Electrical and other equipment 877000000 £ 7,293,662,867.90 Signalling and telecommunications 1034000000 £ 8,599,369,903.55 Tramway and tramroad works Permanent ways (public road lines) 42000000 £ 349,297,423.55 Electrical and other equipment 4000000 £ 33,266,421.29 Waterways 26000000 £ 216,231,738.39 Road, street and paved areas, bridges and other structures 406000000 £ 3,376,541,760.97 Bridges 209000000 £ 1,738,170,512.42 Sewers 200000000 £ 1,663,321,064.52 Diversion of overheads 237000000 £ 1,971,035,461.45 Asociated utility works Electricty mains 183000000 £ 1,521,938,774.03 Gas mains 607000000 £ 5,048,179,430.80 Sewers 17000000 £ 141,382,290.48 Water supply 117000000 £ 973,042,822.74 Telecommunications equipment 61000000 £ 507,312,924.68 Pipelines 75000000 £ 623,745,399.19 CAPITAL Expenditure Accommodation costs 1663000 £ 13,830,514.65 Property advice 6852000 £ 56,985,379.67 Legal costs 411000 £ 3,418,124.79 Travel and subsistence 49000 £ 407,513.66 Auditors renumeration and expenses 195000 £ 1,621,738.04 Recruitment fees 440000 £ 3,659,306.34 VAT costs 382000 £ 3,176,943.23 Finance costs 615000 £ 5,114,712.27 Other costs 622000 £ 5,172,928.51 Total staff costs (includes wages, social security, pension costs, chariman and non-executive fees for all direct and indirect personell) 15111000 £ 125,672,223.03 Professional services 55228000 £ 459,309,478.76 Engineering services 1100000 £ 9,148,265.85 environmental services 846000 £ 7,035,848.10 Utilities 601000 £ 4,998,279.80 Communication and information technology 9922000 £ 82,517,358.01 Licenses and surveys 799000 £ 6,644,967.65.

loago 9.mp4. Benefits and Costs Appraisal Results.

loago 11.mp4. Evaluation of Results. Fig 3. BCR evaluation results (10,20 and 60-year periods).

loago 12.mp4. Recommendations. REVIEW EXISTING OPPORTUNITIES.

loago 13.mp4. Existing Alternatives. Exploring existing main lines rather than committing on building new lines for both Phase 2a and Phase 2b to increase the BCR of the projects. Fig 6. HS2 illustration map of network routes.

loago 14.mp4. Limitations To Benefit-Cost Analysis.

loago 15.mp4. Limitations CONTINUED. Changes to the reliability of the trains is also to be considered. Cancellations due to periodical rail works may result in a decline in demand for rail in between the region and diminish the associated benefits..

loago 20.mov. Conclusions. EXTENSION: GO AHEAD ..

Loago 21. Conclusions Continued. Connections between Manchester, Liverpool, Birmingham and London. Will increase economic activity between the cities whilst also contributing to Crewe..

Zaaiter 2.mp4. High-Level Approach to the Balance Sheet.

gurneek 1.mp4. Balance Sheet Critical Evaluation.

Zaaiter 1.mp4. Balance Sheet Limitations. It would be hugely inefficient and naive to estimate individual values on balance sheet within a limited timeframe without having the necessary private paperwork. Lack of online information available on similar projects in terms of balance sheets. Due to many projects being cancelled, and many began construction over 10 years ago there is only limited data..

gurneek 2.mp4. Balance Sheet Further Investigations.

gurneek 3.mp4. Balance Sheet Financial Ratios and Recommendation.