The Transport Secretary, Heidi Alexander, is expected to tell MPs in the House of Commons that the HS2 high-speed rail project could cost around £100 billion, despite the scheme being scaled back multiple times. The statement is reported as reflecting concerns that the final price may be far higher than early estimates. Sources cite that the project’s initial cost projection was £32.7 billion when it was set out in 2011. On that basis, the reported figure implies the eventual cost could be roughly triple the original estimate. The accounts also describe the scale of the projected cost in terms of cost per mile. While the reported article emphasizes the size of the potential increase, the common element across coverage is that the government is providing an updated cost expectation to parliament that underscores financial uncertainty around HS2’s delivery. The discussion is set to occur during the Transport Secretary’s statement and subsequent parliamentary scrutiny.
Transport Secretary tells MPs HS2 costs could rise substantially
The Transport Secretary, Heidi Alexander, is expected to tell MPs in the House of Commons that the HS2 high-speed rail project could cost around £100 billion, despite the scheme being scaled back mult...
- Heidi Alexander is expected to make a statement to MPs in the House of Commons about HS2 costs.
- Reported projections place HS2’s potential total cost at around £100 billion.
- The figure cited is described as being about three times the £32.7 billion original estimate set in 2011.
- The reports note HS2 has been scaled back several times before the current cost projections are considered.
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.
3 months agoHeidi 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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