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HS2 boss explains why costs have spiralled by a ‘terrible’ £60bn
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleThe HS2 rail project's budget has doubled, with the estimated cost now ranging from £87.7 billion to £102.7 billion in 2025 prices, nearly £60 billion more than initially projected. The target opening schedule for HS2 has been delayed by 13 years, now expected between May 2036 and October 2039. HS2 chief executive Mark Wild called the cost increase "terrible news," attributing it to "immaturity of design" when work started, but expressed confidence in the new robust estimates. Transport secretary Heidi Alexander announced that trains will run slower than planned, at a maximum of 320kmh (199mph), and blamed "failures of successive Conservative governments" for the "obscene increase in time and costs." Wild warned that canceling the project could cost between £33 billion and £58 billion, while a former Tory minister, Sir Gavin Williamson, called for the "busted project" to be brought to a close. In fullHS2 cost increase is ‘terrible news’, says rail bossThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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inews.co.uk
Ghost towns and trains to nowhere: How the £100bn HS2 line descended into farce
Labour is set to announce a new timeline on HS2 and efforts to save money after years of delays and spiralling costs
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dailymail.com
Transport Secretary to confirm HS2 could cost eye-watering £100billion
Heidi Alexander will tell the Commons that delivering the beleaguered high-speed rail project may cost triple the £32.7billion price tag it was originally given in 2011.
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HS2 to cost more than Nasa's Artemis Moon mission
Cost could have funded programme to send astronauts around the moon - with money left over
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independent.co.uk
HS2 trains to run slower than planned to save money
Transport secretary Heidi Alexander is expected to announce the maximum speed of the trains will be 199mph
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HS2 train speeds cut to curb spiralling project costs
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or…
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mirror.co.uk
Major HS2 update as rail project may not be finished for another 17 years
Transport Secretary Heidi Alexander gave a significant update on the costs and timetable of the High Speed 2 (HS2) rail project, which has suffered major delays and spiralling…
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theguardian.com
HS2 bill could rise to £102bn with first trains delayed until 2039, government admits
Transport secretary Heidi Alexander blames Conservative government for ‘obscene increase in times and costs’
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cityam.com
'Gold-plated folly' HS2 on track to cost at least £102bn
The transport secretary blasted HS2 as a "massively over-specced folly" in an update to parliament on Tuesday.
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HS2 may not open until 2039 and could cost more than £100bn, warns minister
Transport secretary Heidi Alexander told the Commons she was ‘angry’ about the increase in time and costs
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HS2 'fiasco' set to cost £100BILLION and might not open till 2039
Details of failings were revealed in a statement to the House of Commons this afternoon, as critics branded the project a 'national embarrassment and 'white elephant'.
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channel4.com
HS2 more expensive and delayed than expected
The government has just set out details of what remains of HS2, and it’s nothing like the big bold project that was promised.
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HS2 cost increase is ‘terrible news’, says rail boss
The new target opening schedule for HS2 is between May 2036 and October 2039
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HS2 boss admits new £100bn cost is 'terrible news'
Mark Wild, who was parachuted in to rescue HS2 after doing the same for Crossrail, told MPs today that he was convinced it would not be delayed any further.
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HS2 boss explains why costs have spiralled by a ‘terrible’ £60bn
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleThe HS2 rail project's budget has doubled,…
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Ministers 'misleading taxpayers' as true cost of HS2 could be £112bn
Transport Secretary Heidi Alexander told the Commons yesterday that the severely delayed and over-budget high-speed rail project will now cost up to £102.7billion.
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faz.net
Die „obszön teure“ Hundert-Milliarden-Zugstrecke
Die Kosten der Hochgeschwindigkeitsbahnstrecke HS2 von London nach Nordengland explodieren: Aus der „weltbesten Eisenbahn“ wurde eine „massiv überdimensionierte Torheit“.
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New HS2 budget to blow £33bn hole in public finances
The government will need to find as much as £33bn in additional cash to fund its revamped plans to deliver HS2.
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HS2 is the wildest white elephant in British history. Please put it out of its misery | Simon Jenkins
The government is in thrall to the sunk-cost fallacy. Scrap the project, says Guardian columnist Simon Jenkins
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HS2 bosses enjoy £500 taxpayer-funded dinners as rail project’s costs spiral
Exclusive: Critics say board members should spend less time in ‘high-end cocktail bars’ and more time ‘driving down the cost’ of the beleaguered project