HS2 Ltd is already experiencing £0.8bn of cost pressures that will require it to draw on its contingency budget for the Phase One route between London and the West Midlands, transport minister Andrew Stephenson has told Parliament.
Giving the first of six-monthly update on the project, Stephenson reminded MPs that the total funding envelope for Phase One was revised to £44.6bn (2019 prices) earlier this year and the estimated cost for completing the full...
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