BUSINESSSKY NEWS
Key HS2 contracts renegotiated as government scrambles to slash costs
The UK government is renegotiating key HS2 contracts to reduce costs as the project continues, with staff working on the Chilterns tunnel in Hertfordshire. The article highlights efforts to slash expenses amid ongoing construction.
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- HS2 paid consultancies £65mn last year in run-up to project ‘reset’
- Transport Secretary to confirm HS2 could cost eye-watering £100billion despite being scaled back several times - the equivalent of £1billion a mile and triple the original price tag
- HS2 bill could rise to £102bn with first trains delayed until 2039, government admits
- Extra £174m earmarked for ‘spiralling’ bill for Lower Thames Crossing
- Off the rails! HS2 'fiasco' set to cost £100BILLION, might not open till 2039... and the trains are being slowed down
- HS2: Heidi Alexander to set out true cost of rail project – and when trains will begin to run