HS2 Ltd takes on more of the risk for Phase 1 cost overrun

high Speed Rail

The Government is to take on more of the risk for cost overruns on the HS2 Phase 1 route between London and the West Midlands.

HS2 Ltd is negotiating revised terms with contractors for the line’s construction after the two sides were unable to reach agreement on the original terms. The change is reported in the National Audit Office’s review of the HS2 project, published a fortnight ago. 

Last October HS2 Ltd costed Phase 1 at £30.669bn (2015 prices), excluding...

Subscribe today to read this article in full...

Benefits of subscribing to Local Transport Today Subscription + TransportXtra & TransportXtra.com

• 25 issues a year
• Essential reading for public and private sector transport professionals in the UK and beyond
• Stay ahead of the competition – hear it first
• Written by leading experts in the transport industry
• Additional publications throughout the year covering specific subjects Smarter Travel, Get Britain Cycling and Data and Modelling
• Includes full online access to TransportXtra.com and searchable archive

Magazine + Online

Pay Monthly

£25.00

Fixed Term

1 Year Subscription £200.00 3 Year Subscription (Save 20%) £480.00

 

Online Only

Pay Monthly

£19.50

Price shown ex VAT. Monthly subscription amount charged monthly to registered card.

Fixed Term

1 Year Subscription £156.00 30 Day Subscription £36.00 90 Day Subscription £72.00

Invoice option available on fixed-term subscription. Subscriptions begin from receipt of payment.