HS2 LTD’s forecast for the cost of property and land acquisition on the London-West Midlands route remains within the available funding but it is still very early in the process, the National Audit Office said in a report this week.
The NAO notes that in 2012 HS2 Ltd estimated the net costs at £1.12bn in 2011 prices. However, the £27.1bn (2015 prices) funding package for phase one agreed at the 2015 spending review included £4.3bn for land and property, including...
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