| 
| 
HS2 Files :HS2 costs will to £106 Billion (more than three times the original estimate), warns government watchdog
The British government watchdog National Audit Office (NAO) says that the HS2 rail project is over budget (with current estimate of £106 Billion versus the original estimate of £34 billion) and behind schedule.
Watchdog says this is due to government and HS2 Ltd having underestimated the project complexity and project risks since the start of the project.
What is HS2?
United Kingdom's High Speed 2 (HS2) project is a high-speed railway network under construction. HS2 railway is to link 21 destinations – Birmingham, Birmingham airport, Carlisle, Chesterfield, Crewe, East Midlands, Edinburgh, Glasgow, Leeds, Liverpool, London, Manchester, Manchester airport, Newcastle, Old Oak Common in London, Oxenholme, Penrith, Preston, Sheffield, Warrington and York.
The project is executed by the government-funded company High Speed Two (HS2) Limited. Company is responsible for for developing and promoting the project. HS2 Website says, the new high speed railway will connect 8 of UK's biggest 10 cities serving around 30 million people, almost half the UK population.
The HS2 project is comprised of Phase 1 and Phase 2 parts. According to HS2 Ltd, Phase 1 will link London and Birmingham by 2026 and Phase 2 will link West Midlands and Manchester in the west and Leeds in the east completing the network by 2033.
#HS2files - Britain's High Speed 2 Rail Network
HS2 costs will soar to £106 BILLION, warns official review: Transport Secretary Grant Shapps casts doubt on future of high speed rail link as he demands 'more data' before deciding whether to push ahead
#HS2files - Britain's High Speed 2 Rail Network
In defence of the HS2 project
What do the Victoria Line, the Jubilee Line, the Channel Tunnel, the M25 and Buckingham Palace all have in common? They were wildly over budget, long delayed - and the Treasury wanted to cancel them all.https://www.theneweuropean.co.uk/top-stories/andrew-adonis-the-curse-facing-hs2-1-6479031
#HS2files - Britain's High Speed 2 Rail Network
Scrapping the HS2 rail project will cost at least £12 billion in write-offs and compensation and plunge major construction companies into financial peril, ministers are being warned.
#HS2files - Britain's High Speed 2 Rail Network
UK cabinet minister tells the BBC that it is his gut feeling that the HS2 high-speed rail line will get the go-ahead.
#HS2files - Britain's High Speed 2 Rail Network
Just how blow-out is the HS2 budget?
Cancelling High Speed 2 (HS2) now will have a “devastating impact” on the UK construction industry, major contractors, consultants and rail bodies told prime minister Boris Johnson in a letter this week.
If HS2 is really so costly, it is a huge mistake.
Will HS2 really help cut the UK’s carbon footprint?
The high-speed rail project has become one of the most costly and controversial of the modern era – and may not even be good for the environment
https://www.theguardian.com/uk-news/2020/feb/02/will-hs2-really-help-cut-the-uks-carbon-footprint
Straight talk. Sadly, almost everything about HS2 invites disbelief. The costs are stupefying, the design is too complicated and its environmental credentials are questionable.
HS has got the blessing and the go ahead of the British PM yesterday. As of now, I shall be posting on HS2 at the newly created HS2 group.
Feel free to contribute.
Cheers
cover tunnel photo by: Matt Brown from London, England / CC BY
.jpg){kind=link}
Copyright 2019-2024 TunnelContact.com
#HS2files - Britain's High Speed 2 Rail Network
HS2 risks were underestimated from the start
https://www.theconstructionindex.co.uk/news/view/hs2-risks-were-underestimated-from-the-start
#projectManagement #riskManagement #HighSpeed2
HS2 risks were underestimated from the start
www.theconstructionindex.co.ukThe government’s public spending watchdog says that the HS2 rail project is over budget and behind schedule because the government and HS2 Ltd underestimated its complexity and risk from the outset.