Cost of rail line could spiral to £85bn, chairman of project reportedly warns
'The planned HS2 high-speed railway line could surpass its budget by up to £30bn, the chairman of the project has reportedly warned.
Allan Cook has written to Bernadette Kelly, the permanent secretary at the Department for Transport, to warn that the high-speed line from London cannot be finished within the official £56bn budget, the Financial Times reported.
The paper reported that according to Cook’s preliminary findings, the infrastructure project’s final cost could spiral to between £70bn and £85bn.
A source close to the project told the newspaper the costs had increased because of a “combination of poor ground conditions found during the surveying work, the costs of engineering a railway to a very high specification, and the further additional costs of it being designed to run at even higher speeds than other comparable rail projects”.
HS2, scheduled to open in sections between the end of 2026 and 2033, will stretch from Euston station in London to Birmingham in its first phase and subsequently to Leeds and Manchester.
Cook was brought in to take control of the project in December following the departure of Sir Terry Morgan, who also quit as chair of Crossrail.
Last month the transport secretary, Chris Grayling, revealed Cook had been reassessing the costs and the expected time overruns and considering whether cutbacks could be made.
“I’m really waiting for Allan [Cook] to come back to me to say this is how we’re going to take the project forward,” he told New Civil Engineer magazine.
Boris Johnson, the frontrunner to succeed Theresa May as prime minister next week, has appointed Douglas Oakervee, a former HS2 chairman, to undertake a review of the project’s scope and costs.'
Read more: HS2 'could go £30 billion (taxpayer cash) over budget'