HS2 is expected to cost up to £102.7 billion, priced in 2025, the Transport Secretary has said. Heidi Alexander told the Commons: “It gives me no pleasure to say the expected cost of completing HS2 is now between £87.7 billion and £102.7 billion, priced in 2025. “Two-thirds of this increase is down to past misunderstanding of the work required, underestimation and inefficiency, issues within the control of HS2 Ltd, some of its suppliers, and previous governments. “The remaining third is linked to inflation, which was not factored into previous cost estimates regularly enough.” #BreakingNews #HS2 #Travel #Trains #GBNews
HS2 is expected to cost up to £102.7 billion, priced in 2025, the Transport Secretary has said. Heidi Alexander told the Commons: “It gives me no pleasure to say the expected cost of completing HS2 is now between £87.7 billion and £102.7 billion, priced in 2025. “Two-thirds of this increase is down to past misunderstanding of the work required, underestimation and inefficiency, issues within the control of HS2 Ltd, some of its suppliers, and previous governments. “The remaining third is linked to inflation, which was not factored into previous cost estimates regularly enough.” #BreakingNews #HS2 #Travel #Trains #GBNews ♬ original sound - GB News - GB News
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