Spooked by the costs—now put at around £100bn, against an original estimate of £42bn—and by thefuryof 21 Tory MPs whose rural constituencies the track would slice through, the government is considering cancelling the project. A final decision was due asThe Economistwent to press. We ...
The first indications that the leg to Manchester could be scrapped came after it was reported last month ministers wereconsidering shelving the northern phasebecause of concerns about spiralling costs and severe delays. According to The Independent, a cost estimate revealed that the governme...
Spooked by the costs—now put at around £100bn, against an original estimate of £42bn—and by the furyof 21 Tory MPs whose rural constituencies the track would slice through, the government is considering cancelling the project.A final decision was due as The Economist went to press. ...
over three times the original budget. With the recent revelation that pandemic related costs have added a further £1.7bn ($2.1bn), it remains to be seen how high the true cost of HS2 will reach.
cost (in 2011 prices) rose by £10 billion to £42.6 billion, with an extra £7.5 billion budgeted for rolling stock for a total of £50.1 billion. Less than a week later, it was revealed that the DfT had been using an outdated model to estimate the productivity increases ...