The delivery of the London-West Midlands high-speed line has a 95% probability of being delivered for below £21.4bn (2011 prices), according to the DfT.
Officials explained the revised costings at last week’s public accounts committee hearing into the project. MPs wanted to know why the estimated cost of phase one (London-West Midlands) and phase two (West Midlands to Leeds and Manchester) had jumped from £32.7bn in January 2012 to the £42.6bn announced by...
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