Passenger forecasts for High Speed One – the Channel Tunnel Rail Link – were repeatedly downgraded during the construction of the project, MPs investigating the Government’s high-speed rail plans have been told. Consultant Oxera recounts the history of the HS1 forecasts in a report commissioned by the House of Commons transport committee (see story below). “There seems to have been some level of optimism bias with respect to passenger forecasts,” says Oxera....
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