The boss of HS2 has admitted it is ‘terrible’ the budget for the hugely delayed high speed rail project is set to balloon to £100bn.
Mark Wild, who was parachuted in to ‘reset’ the beleaguered project after rescuing London’s troubled Crossrail project, also told MPs today that he was convinced it would not be delayed any further after years of setbacks.
Yesterday, Transport Secretary Heidi Alexander admitted costs will be somewhere between £87.7billion and £102.7bn in 2025 prices, and the first trains will likely launch between May 2036 and October 2039 on part of the line.
When first announced more than a decade
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