Called the country's biggest infrastructure project since World War II, the HS2 high speed railway line will provide vital transportation links between cities and regions across the UK. How can financing companies play their part in keeping this massive undertaking on track to meet its goals? Specialists at DLL, one of the top five Asset Finance companies in the UK1, share their perspectives based on financing assets for Construction, Specialist Vehicles and other sectors worldwide.
Infrastructure megaprojects are crucial to societal and economic progress. The downside is that they always seem to cost more and arrive later than planned. The funding envelope for HS2 Phase One alone is £45bn and the timeline may extend to 2033. Besides its many other objectives, the project also aims to build the world’s most sustainable high-speed railway. To keep this project in check and meets these ambitious goals, UK Prime Minister Boris Johnson said, “HS2 must be delivered more efficiently and cost-effectively so that communities feel its benefits more quickly, particularly those in the North.”2
Phase One alone will cover 134 miles of dedicated track. It will be one of Europe’s biggest earthmoving projects in recent history. To accomplish this, it’s estimated that 1,730 machines will be required. From fleets of cranes and excavators to specialist waste management vehicles, material handling equipment, forklifts, conveyors and everything in between.