Bantamzen
Established Member
good morning Mr Barclays. May I borrow £27bn to build something. Yes. When will I get my money back. Well, the thing is...........................
Even with government funding you need to show that spending tax payers money here ( that is UK tax payers money remember, not Manchester tax payers) offers a better return than building a motorway in Glasgow or a new hospital in Plymouth and Cardiff or 12 new schools in Newcastle or building a new submarine.
Oh absolutely, its totally correct to show value & when borrowing can be repaid. However the decision makers are interested only in the easily quantifiable, headline busting projects.
Case in point P15/16 at Piccadilly, the headline value is a couple of extra platforms at a Northern city railway station that already has 14. The underlying value is vastly improved performance through the corridor, resulting in less delays / cancelations, people getting to work on time & improving productivity, and potentially adding additional potential revenue generating capacity. The headline value is not very sexy, and so the rubber-stampers procrastinate over it's value because it doesn't give an easily quantifiable return for those all important headlines. And so it stays in the inbox of the Minister rather than getting the approval it should have. This is the underlying problem I'm inferring to. This is how decisions are driven these days in the public sector (at least even more so than previously), if it doesn't add value during the potential term of the government, or sometimes even for the period the decision maker expects to be in place, then it goes into 'Pending'.
A hospital, or submarine is far more politically sexy and headline grabbing than a couple of poxy platforms stuck on the southern side of Piccadilly, even if a Minister in charge has no real plans to actually build the hospital or submarine. Even HS2 sounds sexier to some at least, giving us shiny new trains as fast as (well almost) as those built by the blinking Germans & French...