Reeves to scrap key infrastructure bodies as major projects suffer September 15, 2024 The National Infrastructure Commission (NIC) and the Infrastructure Projects Authority (IPA) will be merged into a single body.
Rail line connecting North West to Midlands would be ’40 per cent’ cheaper than HS2 September 13, 2024 Plans for a new rail line connecting the West Midlands to the North West could be delivered at just 60 per cent of the cost of HS2’s cancelled Northern leg, according to Manchester Mayor Andy Burnham. The proposed 80km line, backed by a consortium of businesses and politicians, would run from Lichfield in Staffordshire to [...]
New rail line connecting Midlands and North West set to deliver £70bn economic boost September 13, 2024 “Doing nothing is not an option”—this was the message today as a consortium of business leaders and politicians unveiled ambitious plans for a new rail line connecting the Midlands to the North West. The proposed rail link, set to connect Lichfield in Staffordshire to High Legh in Cheshire, could add an estimated £70bn to local [...]
HS2: Construction of Britain’s longest railway bridge completed near London September 5, 2024 High Speed Two (HS2) has completed the construction of the longest railway bridge in Britain to the north west of London. The final deck segment of the 2.1-mile long viaduct, crossing the Colne Valley in Buckinghamshire, was fixed into place on Thursday by HS2 engineers. The new bridge breaks a 140-year record held by the [...]
Costain launches £10m share buyback as profit and backlog jumps August 21, 2024 Engineering firm Costain has kicked off a £10m share buyback after it revealed a set of strong results this morning. In its half-year results, the company revealed that adjusted operating profit had jumped 8.7 per cent to £16.3m, thanks to an increased operating margin at its transportation arm and increased revenue at its natural resources [...]
Former HS2 boss earned over £650,000 in final year July 29, 2024 Mark Thurston was the embattled project's longest serving chief executive before he announced his resignation in September.
HS2: Cancelling northern leg will cost £100m – and make everything worse July 23, 2024 The total cost of completing High Speed Two (HS2) could reach nearly £60bn, according to the National Audit Office.
HS2 back in the spotlight amid job cuts and Euston woes July 21, 2024 Louise Haigh announced on Thursday there would be an early review into the future of the embattled project's Euston terminus.
HS2 investigating possible misconduct tied to ‘serious’ data breach July 18, 2024 HS2 has launched a formal investigation into allegations of gross misconduct tied to a "serious" data breach earlier in the year, City A.M. understands.
HS2 plans sweeping job cuts and major restructuring as it battles soaring costs July 18, 2024 HS2 Ltd, the private company overseeing the delivery of the high-speed railway line, is planning a sweeping round of job cuts and major restructuring as the embattled project's scope narrows following the cancellation of the northern leg.