News

HS2 could cost an extra £10bn after inflation

By 2024-01-11T08:58:00

HS2 Euston interior CGI

Source: Grimshaw \ HS2 Ltd

Cuts to scheme could also reduce passenger capacity between Birmingham and Manchester

Inflation experienced by the construction sector since 2019 could add as much as £10bn to the cost of Britain’s biggest infrastructure project. 

HS2 Ltd, the company responsible for delivering the high-speed rail project, currently expects phase one of the scheme to cost between £49bn and £56.6bn, but due to government rules these figures continue to be calculated in 2019 prices. 

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