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It is going to cost shed loads of money.
£16 BILLION they say.
But, given that big projects get always go over budget, the final price will probably be nearer £40 Billion.
Should we do it? I say yes.

And I said so in Parliament:
9 July 2008
Mr. Ian Liddell-Grainger (Bridgwater) (Con): One thing that concerns me about the proposal is not whether it should happen, but the idea, which I do not like, that something is to be created to affect targets. Targets leave us all cold in this place, for obvious reasons. I have just spent two and a half years of my life trying to get the Crossrail Bill into a workable form, which we have now done. That comes to £16 billion; it is funny how everything costs £16 billion. We know perfectly well that that is not going to be the true cost.
The cost of the Severn barrage is low. It must be low. No infrastructure project in this country has ever—regardless of Government—come in on time, and the cost will probably double. Let us say that the project does not commence for another decade, for all the reasons that we know so well; I shall come on to the Planning Bill. It is not possible to guarantee any costs at the moment.
I had a chat to Sir Robert McAlpine, which, at the moment, is one of the companies that would like to take part. Even that company said that in its experience of building many nuclear power stations and other huge infrastructure projects, none of the process goes smoothly. What worries me is that perhaps not this Government or the next, but a future Government, will use the fact that we must hit our targets under son of Kyoto—or daughter of Kyoto—as an excuse, as my hon. Friend the Member for Weston-super-Mare (John Penrose) said. I do not expect the Minister to be able to answer that point, because it will not be on his watch. [Interruption.] The Minister, from a sedentary position, makes a valid point, and makes me blush. However, Members of Parliament representing constituencies around the coastline will have to bear the situation for generations to come: this project is long term, not short term.
I am interested in the fact that, already, the chattering classes are taking to the barricades. It is like “Les Misérables”. The Royal Society for the Protection of Birds says, “Oh no, shock horror!” and the Environment Agency says, “Oh no, you can’t do it.” Everyone is appearing already, and we have not even got to the White Paper. They are all saying, “No, you mustn’t do it.” Well, hang on a minute—they are non-governmental organisations. They should be saying that we can do it if it is the right thing to do and we do it in the right way. Through the Minister and through you, Mr. Weir, I ask those bodies to shut up until we have given time for consideration of what is proposed. Like many hon. Members, I am sick to death of NGOs—before anything has been talked about or decided—telling us what we are going to do. This matter is another example of that.
I want to talk about tourism. Tourism is the life blood of the south-west, especially Weston-super-Mare. It is the same for much of Bristol, Stroud and Bridgwater and across the Somerset levels. The barrage would be an iconic tourist attraction. I know that that is not, and should not be, the main reason for building it. The point was ably made by the hon. Member for Bristol, North-West when he talked about the idea of sticking a road on it being uncosted. However, if it were built, it would be iconic. There is no doubt about it. It would put the south-west, with Cardiff on one side and possibly Weston-super-Mare or Wells on the other—my right hon. Friend the Member for Wells (Mr. Heathcoat-Amory) is not here—on the map. That should not be taken lightly.
A barrage would bring people to the south-west in the same way that Glastonbury tor does, or the docks in Bristol. Why not use that as part of the reason to consider the proposal? The financial input of the creation of the barrage would be phenomenal for parts of the south-west, Cardiff bay and all the rest of it. Cardiff would not have to rely only on “Dr. Who”. It could have something else to look forward to.
There would also be long-term problems. The flooding issue has been ably described, and it must be of concern. Bridgwater, in west Somerset, covers most of the levels, the gateway to which runs through my constituency and that of my right hon. Friend the Member for Wells. If there is any change to the water level or any dramatic change to the sand banks or how the water flows, it will come through our constituencies. I hope the Minister agrees that that is not acceptable in any way, shape or form.
Much of the levels—I do not mean to teach the Minister or you, Mr. Weir, to suck eggs—is at or below sea level. We have a finite time when the back tide and the wrong wind will prove to be disastrous for us. That is one area that the study must examine. As to the longer-term study, I plead with the Minister to look not only north of the barrier, up to Stroud, but south of it. One reason for me saying that is that the intakes for water at Hinkley Point, about which the Minister and I have endless conversations, are next to the River Parrett.
The Minister has been helpful with Hinkley Point, for which I thank him. I welcome all decisions that he is making in that direction at the moment, but it would be a shame to jeopardise what is an important infrastructure project in my constituency in relation to the long-term energy security of this country, or to do anything else that we might live to regret. Having said that I am castigating the NGOs, I am also arguing the other way round: we do not want the proposal to stop other things that are vital.
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©2003,2004 Ian Liddell-Grainger. All rights reserved. www.somersetwest.org.uk