The project was budgeted to cost $57 billion at 2019 prices, but an executive says poor planning and construction cost inflation are impacting the price.

The cost of the U.K.'s emerging 140-mile London-Birmingham high-speed railroad could exceed its $57-billion government budget by up $14 billion at 2019 prices, the head of the project company HS2 Ltd. told lawmakers at the parliamentary transport committee. Even at that high cost, non-executive chair and acting CEO Jon Thompson could not rule out more hikes. Thompson attributed volatile costs to the practice of setting a project’s business case on flimsy information.

  • @teamevil
    2•5 months ago

    Seems like a good time to let competitive companies finish instead of the company that can’t.