The Government spent £537m in 2016/17 developing the high-speed rail plans – an underspend of £233.1m against the budgeted £770.1m. The underspend was largely because of lower than expected land and property acquisition. The figures cover expenditure by Government company HS2 Ltd and the DfT. HS2 Ltd’s expenditure was close to budget – £345.5m versus £376.1m – and comprised: £126m for corporate support; £83m of enabling works;...
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