Three reasons why costs on UK’s troubled high-speed rail megaproject HS2 have spiralled
20 November 2023
Costs are continuing to rise on the UK’s troubled high-speed rail project HS2, which the UK government recently announced it would scale down significantly.
Last week, transport minister Huw Merriman issued a six-monthly update on the project, which revealed that the main work civils (MWCC) work alone has increased by another £6.1 billion (€7 billion), taking the latest cost projection (based on 2019 prices) to between £21.8 billion and £23.4 billion (€24.9 billion-€26.8billion).
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