Soaring cost of high-speed lines

A fresh assessment by the Swedish Transport Administration indicates that the construction of high-speed railway lines, linking Stockholm with Gothenburg and Malmö, will cost SKr 256 billion, which is SKr 90 billion more than first projected.

The news will come as a shock to politicians, who have said it will be difficult to find the funds to finance the project. Only yesterday Infrastructure Minister Anna Johansson said funding would require “ingenuity”.

Pending parliamentary approval in 2018, completion of the lines (in 2035) could see journey times between Stockholm and Gothenburg reduced to 2 hours, and between Stockholm and Malmö to 2 hours 30 minutes.