Page 28 - Network North News Today

HS2 chair and interim chief executive Richard Thompson has said the true cost of phase one of the mega-project will be around £8bn to £10bn higher than

Jon Thompson warns MPs soaring inflation will add up to £10bn to current estimate of £49bn-£56.6bn

The estimated cost of building HS2 between London and Birmingham has soared to as much as £66.6 billion, MPs heard.

The estimated cost of building HS2 between London and Birmingham has soared to as much as GBP66.6 billion, MPs heard. HS2 Ltd Executive Chair Jon Thompson told the Transport Select Committee that the... -January 10, 2024 at 06:58 am EST - MarketScreener

It means the 140-mile project is set to cost an eye-watering £475million per mile of new railway track.

HS2 boss Sir Jon Thompson tells parliaments transport committee that costs could increase by up to £10bn based on todays prices.

The boss of HS2 has now told MPs that the cost of the rail project, connecting London and Birmingham, could soar to as much as £66.6 billion.

HS2 chief warns project will cost more than Governments target estimate

This means that the government in power after the next General Election could have the option to reinstate the project, The Observer sources say. As of

Rishi Sunak declined to commit to funding major transport upgrades on a visit to East Lancs - but promised to wear his seatbelt this time.