rejected the Ultraspeed proposal, outlining a wide variety of reasons. Primary among these was the estimated construction costs of £60 billion, over double that predicted by the company, and more in-line with known costs from the Munich system. The promoters responded with a note demonstrating that a major amount of the additional costs in the government estimate, £29 billion, were due to "excluded land-take", and that these were not included in the estimates for the competing HS2 proposal. Their complaints fell on deaf ears, and despite numerous attempts to have this issue reconsidered, HS2 continued to move forward. The company eventually gave up, and ceased operations in 2013. After decades of development and sales efforts, the Transrapid group also decided to fold operations starting in 2010. In 2012, the Emsland track and the associated factories and facilities were slated for removal or redevelopment. Hypothetical journey times Hypothetical journey times in minutes compared with present journey times by train. The table also includes the hypothetical journey times of High Speed 2. High Speed 2 times based on limited stopping service with 1, 2 or 3 stops depending on the route. Ultraspeed times include stopping at every intermediate station. Not part of the current proposed route for High Speed 2. See also High Speed 1 High Speed 2 High-speed rail in the United Kingdom List of maglev train proposals Vactrain References External links UK Ultraspeed UK Ultraspeed - Introduction. YouTube. BBC Newsnight Feature: Maglev. Vimeo. International Maglev Board – with a UK Ultraspeed section High-speed rail in the United Kingdom Proposed railway lines in the United Kingdom Proposed railway lines in Scotland Proposed railway lines in England