Deloitte response to high speed rail announcement |
10 November 2012
Responding to the Government’s approval of a high speed rail (HS2) link between London and Birmingham, Ian Simpson, partner and head of transport at Deloitte, the business advisory firm, says:
"The Government’s approval of the high speed rail link is good news all round. British businesses will benefit from reduced commuting times and improved inter-city links, while the UK economy as a whole will benefit from job creation and longer-term economic benefits.
However, much remains to be done in order to deliver the HS2 project quickly and efficiently.
In the current fiscal climate, funding is especially crucial and there must be certainty for investors and contractors to secure their long-term commitment to this scheme.
Preparation needs to begin in earnest to ensure that once legislation is enacted, which is still some years off, the appropriate planning and financing mechanisms are in place and that there are rigorous governance systems to ensure that HS2 can be delivered on time and on budget.”
-ends-
About Deloitte
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press.
Member of Deloitte Touche Tohmatsu Limited.
Last Updated:
Media contacts
- Name:
- Mark Smith
- Company:
- Deloitte
- Job Title:
- Phone:
- 020 7007 7082 / 07 590 041 301
- marksmith@deloitte.co.uk
Share this page
© 2013 Deloitte LLP. All rights reserved. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.
Please see About Deloitte for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its Member Firms. View our accessibility statement.
