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HS2 spending approaches £1bn

26 June 2015
 

The Government has already spent in the region of £1bn on its high-speed rail project, new figures reveal.

The annual report and accounts of Government company HS2 Ltd reveal that it has spent £624m on the project over five years and the DfT has spent almost £330m on property acquisitions along the London-West Midlands route. 

HS2 Ltd spent £189.6m in 2014/15, below its £230m budget. Expenditure in 2013/14 was £210m (budget £247.7m). Spending was...

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