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HS2 grapples with £0.8bn cost pressures

High Speed Rail

02 November 2020
 

HS2 Ltd is already experiencing  £0.8bn of cost pressures that will require it to draw on its contingency budget for the Phase One route between London and the West Midlands, transport minister Andrew Stephenson has told Parliament. 

Giving the first of six-monthly update on the project,  Stephenson reminded MPs that  the total funding envelope for Phase One was revised to £44.6bn (2019 prices) earlier this year and the estimated cost for completing the full...

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