Opening of HS2 line set to be delayed beyond 2033
Summary
The opening of the HS2 high-speed railway line will be delayed beyond its original target of 2033. The UK Transport Secretary is expected to inform Parliament about this delay and present findings from an independent review on the project's increased costs.Key Facts
- HS2 is a high-speed rail project intended to connect London with major cities in the Midlands and North of England.
- The project has faced many delays and budget increases since its approval in 2012.
- The cost of HS2 rose by £37 billion under Conservative governments between 2012 and the last general election.
- The initial cost estimate for HS2 in 2010 was £33 billion, with an opening date of 2026.
- As of the latest estimate, the project's cost could reach up to £57 billion.
- The Birmingham to Manchester and Birmingham to Leeds sections have been canceled.
- An investigation led by James Stewart, former Crossrail CEO, has been conducted to review the project's oversight.
- A new chief executive, Mark Wild, was appointed last year to address rising costs.
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