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Wednesday, September 14, 2016

HS2 rail link is £7bn over budget and facing delay say MPs

The High Speed 2 rail link is running billions over budget and likely to be delayed, MPs have warned.

They say ministers must set out a realistic timetable for delivering the project, currently expected to cost more than £55bn.

The first phase of HS2, between London and the West Midlands, is due to open in December 2026.

But minister and bosses at HS2 Ltd, the company behind the project, are now looking at extending this by a year, MPs said.

Costs of a second phase taking the line to Manchester and Leeds were "volatile" and currently £7bn over budget, the report also found.

Costs of a second phase taking the line to Manchester and Leeds were "volatile" and currently £7bn over budget, the report also found.

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