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HS2 go-ahead receives property industry support

RICS has said it supports the development of high speed rail and welcomes the government’s commitment to deliver the HS2 scheme in England.

“It has huge potential to contribute to economic growth, as well as lowering carbon emissions and expanding the capacity and speed of the UK’s transport network,” said Jeremy Blackburn, RICS UK Head of Policy.

However, RICS believes that the UK still seriously lags behind other countries which already have well developed high speed rail networks in place.

Blackburn added: “The impact of HS2 on communities along the route is a critical issue and every practical step must be taken to minimise disruption and negative impacts. Adequate compensation procedures must be in place for those affected by the line and RICS is willing to work with the Government to advice on dispute resolution and compulsory purchase issues.

“High speed rail should be used to support economic growth and recovery by linking major economic centres for trade and investment, and effectively integrated with existing transport networks including airports to offer an alternative to short haul flights.

“Capacity freed up on the existing rail network must be used to full advantage for both passenger and freight services to ensure the wider benefits of investment are fully realised. We hope DfT’s consultation on major networks will be able to give an insight into the government plans to do this.

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