‘Obscene’ – HS2 on track to cost at least £102bn as minister slams ‘gold-plated folly’ Transport & Infrastructure HS2 is now poised to cost the taxpayer as much as £102bn and will not run from Euston until at least 2040, according to the transport secretary who blasted the project as a “massively over-specced folly”. Heidi Alexander said the cost of the ill-fated train line was now on course to nearly double from the [...]
HS2 tunnel into Euston must deliver ‘credible plan’ for regeneration Transport & Infrastructure With tunnelling finally underway for the HS2 link between London Euston and Old Oak Common, a business group has called for a “credible plan” for regeneration of the area around the Central London transport artery. Business LDN has said that whilst the beginning of the tunnelling is “a significant milestone and a timely reminder of [...]
Exclusive: HS2 should not re-negotiate contracts, says Balfour Beatty boss Transport and infrastructure A scathing report from the Public Accounts Committee (PAC) last month concluded HS2 Ltd's contracts were "unacceptable to the public purse" and that it was "imperative" the project delivered on its assurances to re-negotiate them.
Transport officials plot PFI-style deal to fund HS2 Euston station October 20, 2024 Government officials are reportedly planning to raise at least £3bn from private sector investors to help fund the new HS2 station at Euston and renovate the neighbouring mainline terminus.
Hurry up HS2, the diggers are coming September 25, 2024 Two tunnel boring machines, needed to drill a 4.5 mile tunnel between West London and Euston, will be delivered from Germany next month.
HS2 ‘will finish at Euston’ – but it’ll cost taxpayers another billion May 8, 2024 Taxpayer cash will be used to fund a 4.5 mile tunnel linking HS2 to its Euston terminus, breaking a prior government pledge to use private sector money.