More than £10bn of investment in rail infrastructure in the Spending Review will help rebalance the economy away from London and the South-East, experts have said.
Delivering the Euston terminus of HS2 will cost almost double its budget despite changes to the scheme aimed at reducing costs, the National Audit Office has said.
The HS2 high-speed rail project has gone “badly off course” and the government needs regular, accurate and open updates on the problems the project is facing, according to a report from the Public...
Delays and cost increases to the HS2 rail line are a result of the government underestimating the “complexity and risk” of the project, a damning watchdog report has said.
The cost of HS2 is “out of control” and parliament has been misled over the real price, which could exceed £100bn, a former deputy chair of a review on the rail project has warned.
UK government payments to third parties to supply goods and services was 20% higher than predicted over three years because of poor procurement and outsourcing, according to a think-tank.
Leaders in the North and Midlands should take control of HS2 to avoid cancellation of the project as it will provide “massive” economic benefits, according to a partnership.
The Northern Powerhouse Partnership think-tank has announced its own review of High Speed 2 in response to the government commissioning analysis of the project.
High Speed Rail 2’s £1.76m of unauthorised redundancy payments could have been avoided with tighter financial control, the Public Accounts Committee has said.
