HS2 minister Andrew Stephenson has expressed “concern” over the rate at which costs are increasing on the HS2 high-speed rail project.
In his latest six-monthly report to Parliament on the project, Stephenson said that HS2 remains “on budget”.
The overall budget for the project remains £44.6bn. To date, the government has spent £14.9bn out of the phase one target cost of £40.3bn. A further £12.7bn has been contracted but not yet spent.
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