Nicholas Lewis
Established Member
Latest update to parliament published
hs2-6-monthly-report-to-parliament-november-2023
Six months on not much new on when it will open still 2029-2033 but it will now cost significantly more
Well given the railway systems have yet to be contracted this does not bode well no wonder government backed out of phase 2. Also this financial year they need an additional 1.5B vs original budget which DfT will have to find from somewhere if HMT dont cough up.
That said DfT doesn't agree with the numbers saying it doesn't reflect the fact phase 2 is cancelled and they are being risk averse and that they want them revisited to reflect this.
hs2-6-monthly-report-to-parliament-november-2023
Six months on not much new on when it will open still 2029-2033 but it will now cost significantly more
Still using 2019 prices is becoming a joke but main increase isThe HS2 Ltd Board has now advised me that its updated EAC for Phase 1 is £49 billion to £57 billion (2019 prices), the scope of which was the route from Euston to Birmingham and works north to Fradley and the Handsacre Junction. This is a very significant upwards revision compared with HS2 Ltd’s previous projections and is a wide range in comparison to the scope of the remaining work.
he latest projection HS2 Ltd provided for MWCC (Civils) is £21.8 billion to £23.4 billion (in 2019 prices), which represents a cost increase of £6.1 billion from baseline 7.1.
Well given the railway systems have yet to be contracted this does not bode well no wonder government backed out of phase 2. Also this financial year they need an additional 1.5B vs original budget which DfT will have to find from somewhere if HMT dont cough up.
That said DfT doesn't agree with the numbers saying it doesn't reflect the fact phase 2 is cancelled and they are being risk averse and that they want them revisited to reflect this.
Not sure how they believe this is going to save anything but guess they want to stuff costs into phase 2 abortive costs to make phase 1 look good.The government disagrees with the £49 billion to £57 billion figure for 2 reasons. First, it was drawn up by HS2 Ltd before they were notified of the decision to cancel Phase 2. It reflects HS2 Ltd’s understanding of the project in September – that it would be proceeding to Manchester and the East Midlands, and with more expansive plans for Euston