Cost of HS2 could increase by £30bn
HS2, which will create two Birmingham stations, could surpass its budget by up to £30bn, the chairman of the project has warned.
Allan Cook has written to the Department for Transport to say the infrastructure project cannot be delivered within its current £56bn budget, according to the Financial Times.
According to the paper, Cook’s preliminary findings on the high-speed rail link signal it could end up costing between £70bn and £85bn.
Cook replaced Sir Terry Morgan in December, and had been asked to reassess the proj... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...