Transport Secretary reveals seven-year delay for HS2
Transport Secretary Grant Shapps has told Parliament that HS2 is now expected to be completed in 2040 - seven years later than forecast.
The £56bn budget has increased by up to 40% as measured in 2015 prices, but with inflation factored in the expected range is now £81bn-£88bn.
The revised estimates of the expected cost and deliverability of the current scheme have been provided by HS2.
This is separate to the review that Prime Minister Boris Johnson ordered into the project last month, which will report in the autumn.
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