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HS2 trains could now run slower than initially expected when the rail line eventually opens to cut spiralling costs. Mark Wild, chief executive of the government-owned HS2 Ltd, said the flagship ...
HS2 Ltd CEO Mark Wild indicated that the high-speed rail line might open at "reduced running speeds," potentially 200 mph, to cut spiralling costs and reduce further delays.
The Labour government also revealed that HS2 may initially have to run at slower speeds than expected to prevent even worse delays to its opening.
HS2 was originally due to run between London and Birmingham, then onto Manchester and Leeds, but the project has been severely curtailed by spiralling costs, despite being scaled back.
The Government is set to announce another delay to the opening of HS2 following a “litany of failure” that has driven up costs by £37bn.
HS2 trains could now run slower than initially expected when the rail line eventually opens to cut spiralling costs. Mark Wild, chief executive of the government-owned HS2 Ltd, said the flagship high-speed rail project, which is now predicted to cost £100 billion, could open at “reduced running speeds” to save money.
Cancellation of the northern stretch of HS2 means the truncated high-speed rail line will offer “very poor value for money for the taxpayer” and trains that will run slower than existing rolling stock, according to a hugely critical report.
In October, the prime minister announced the parts of the high-speed rail line linking the West Midlands to Manchester, and to the East Midlands, would be cancelled due to spiralling costs....
The government has moved to deny rumours that HS2 will continue 'beyond Birmingham' and announced ministers will now oversee the building of the high-speed rail to tackle 'spiralling costs'.
The High Speed 2 (HS2) programme, after the cancellation of its latter stages to run only from London to the West Midlands (Phase 1), will offer very poor value for money for the taxpayer.