AIRLINK 195.50 Increased By ▲ 3.66 (1.91%)
BOP 10.17 Increased By ▲ 0.30 (3.04%)
CNERGY 8.00 Increased By ▲ 0.33 (4.3%)
FCCL 38.42 Increased By ▲ 0.56 (1.48%)
FFL 16.00 Increased By ▲ 0.24 (1.52%)
FLYNG 25.48 Increased By ▲ 0.17 (0.67%)
HUBC 131.15 Increased By ▲ 0.98 (0.75%)
HUMNL 13.92 Increased By ▲ 0.33 (2.43%)
KEL 4.67 No Change ▼ 0.00 (0%)
KOSM 6.33 Increased By ▲ 0.12 (1.93%)
MLCF 45.30 Increased By ▲ 1.01 (2.28%)
OGDC 210.35 Increased By ▲ 3.48 (1.68%)
PACE 6.68 Increased By ▲ 0.12 (1.83%)
PAEL 41.20 Increased By ▲ 0.65 (1.6%)
PIAHCLA 17.83 Increased By ▲ 0.24 (1.36%)
PIBTL 8.14 Increased By ▲ 0.07 (0.87%)
POWER 9.35 Increased By ▲ 0.11 (1.19%)
PPL 181.60 Increased By ▲ 3.04 (1.7%)
PRL 40.31 Increased By ▲ 1.23 (3.15%)
PTC 24.70 Increased By ▲ 0.56 (2.32%)
SEARL 110.89 Increased By ▲ 3.04 (2.82%)
SILK 0.99 Increased By ▲ 0.02 (2.06%)
SSGC 38.75 Decreased By ▼ -0.36 (-0.92%)
SYM 19.25 Increased By ▲ 0.13 (0.68%)
TELE 8.71 Increased By ▲ 0.11 (1.28%)
TPLP 12.40 Increased By ▲ 0.03 (0.24%)
TRG 66.47 Increased By ▲ 0.46 (0.7%)
WAVESAPP 12.50 Decreased By ▼ -0.28 (-2.19%)
WTL 1.69 Decreased By ▼ -0.01 (-0.59%)
YOUW 3.99 Increased By ▲ 0.04 (1.01%)
BR100 12,090 Increased By 159.8 (1.34%)
BR30 36,121 Increased By 461.6 (1.29%)
KSE100 114,976 Increased By 1769.5 (1.56%)
KSE30 36,149 Increased By 583.8 (1.64%)

LONDON: Britain on Friday formally began building HS2, its new high-speed railway set to deliver thousands of jobs to the country's virus-ravaged economy. Prime Minister Boris Johnson said the project - which is to cost more than £100 billion ($130 billion, 110 billion euros) funded mostly by the state - will play a part in helping the country get back on its feet following the pandemic.

Prior to the virus outbreak, Johnson saw HS2 as a key infrastructure project aimed at helping drive Britain's post-Brexit economy.

"HS2 is at the heart of our plans to build back better (following the pandemic) and with construction now formally underway, it's set to create around 22,000 new jobs," Johnson said in a statement Friday.

The start of construction comes amid huge financial losses for Britain's rail sector as office workers shun public transport to work from home during the virus outbreak.

Despite this, Johnson later told an event to mark the start of building works that he has "absolutely no doubt that mass transit transport infrastructure is going to be crucial for our country, not just now, but in the decades ahead".

HS2, while quickening train journeys between London in southeast England and major cities in the north, will also ease pressure on existing lines and possibly help rebalance a UK economy that is heavily centred on the capital. "As the spine of our country's transport network, the project will be vital in boosting connectivity between our towns and cities," Johnson said Friday.

"But HS2's transformational potential goes even further. "By creating hundreds of apprenticeships and thousands of skilled jobs, HS2 will fire up economic growth and help to rebalance opportunity across this country for years to come," he added.

Comments

Comments are closed.