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'The cost of the London-to-Birmingham leg of Britain’s proposed new railway, High Speed Two (HS2), is approaching £30bn – a third higher than previously estimated', Mark Leftly, The Independent, 14 Nov 2015

The cost of the London-to-Birmingham leg of Britain’s proposed new railway, High Speed Two (HS2), is approaching £30bn – a third higher than previously estimated, wrote The Independent’s Mark Leftly.

A third higher than previously estimated by the government and the HS2 blob, perhaps.

[HS2: Cost of London-to-Birmingham leg of proposed new railway a third higher than previously estimated, The Independent, 14 Nov 2015]

The team behind the project, HS2 Ltd, has been asked to submit updated costs of the railway’s first phase to the Treasury ahead of the Comprehensive Spending Review (CSR) later this month.

Previously, the London-to-Birmingham link was forecast at £21.4bn, but this was at 2011 prices. The new estimate is designed to reflect better what will have been spent at real prices when the first phase starts carrying passengers at speeds of up to 250mph in 2026.

The first rule of HS2 monitoring is, “Don’t believe the blob”.

David Higgins was appointed chairman of HS2 Ltd to 'drive down' the cost of the line

David Higgins was appointed chairman of HS2 Ltd to ‘drive down’ the cost of the new line

The previous HS2 chairman, Douglas Oakervee, had said he was “not interested” in using any of the contingency ‘added by the Treasury’

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Written by beleben

November 15, 2015 at 1:04 pm

Posted in HS2

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