I dont understand what purpose is the article under reference serving here?
Any person with whatsoever experience of getting the rail projects sanctioned would realise that this ridiculous brainchild of some oxbridge grad involving investment of 10b (2002 prices) will neither get political sanctions nor financial backing of a bank even though they try as much to show an IRR of 16% thru' a PPP/PFI project structure. Just b'cos these guys (with limited transport background) have a vision of having an electrified network doesnt add any value to the debate on this forum as the project is more to do with developing a network if there is sufficient demand rather than electrification or dieselisation. BTW, this is neither the pan-european view of rail network nor the planned future.
