Cost of HS2 could rise to £106bn, according to leaked report
A leaked copy of the forthcoming Oakervee Review into HS2 is reported to be warning that the costs of the project could rise again, to £106 billion. The original budget still being confirmed by ministers last summer was £55.7 billion, including substantial contingency margins. It later rose to an estimated maximum of £78 billion after fresh calculations by HS2 chairman Allan Cook.
Rejected franchise claims move to High Court as firms sue DfTLegal action threatened by Stagecoach, Virgin, SNCF and Arriva over the cancellation of their bids for three franchises is about to start in the High Court. The court is to hear claims that the Department for Transport ‘mismanaged’ the competitions for Intercity West Coast, East Midlands and South Eastern when it ruled that bids from the four firms were ‘non-compliant’ because they tried to reduce pensions risks.
CONTACT
Stay in touch with Railnews by signing up to our email newsletter
CAREERS
Search for a job
