Get all your news in one place.
100's of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
Jon Robinson & Neil Lancefield

HS2 minister 'concerned' as cost rises by almost £1bn

The minister in charge of HS2 has said he is "concerned" at the rate of increases in actual and potential costs for the high-speed railway project.

Andrew Stephenson expressed his unease as he told Parliament that HS2 Ltd drew on an extra £500m of its £5.6bn contingency funds between September 2021 and January 2022.

He said the Government-owned company is also reporting a £400m increase in "potential cost pressures" - from £1.3bn to £1.7bn.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.