Mounting costs of construction plus the need to remodel the Midlands connection with the mainline network following the cancellation of the Northern extension of HS2 are threatening to make completion of the London Birmingham section show a negative cost benefit figure.
A new DfT accounting officer assessment states the benefit cost ratio (BCR) for phase one of HS2 from Euston to Birmingham and the West Coast Main Line at Handsacre has been cut from being in a range of 1.8 to 1.2, to a lower...
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