Britain overpays for transport infrastructure. On a per-mile basis, HS2 is the world’s most expensive railway under construction costing more than twice as similar projects elsewhere. Madrid was able to build an entire metro-system for £4bn, it cost us £18bn to build Crossrail – more than ten times more on a per mile basis.
A new mile of tramway in Britain costs £87mn, more than double the European average of £42mn. Our report, Back on Track, provides solutions to lower the cost of new trams and fund Britain’s tram renaissance.