HS2 Ltd already £800m over budget
Earlier this week, it was revealed by HS2 Ltd that the first phase of the high-speed railway linking London to Birmingham has gone over its budget – and requires £800m more from the government to continue with the project.
The news comes less than two months after construction on the controversial railway scheme officially began.
The increase in funding is largely down to construction workers finding asbestos in the areas they are working and and a series of problems that have arisen since work started on a new hub station at London Euston.
Earlier this year the Prime Minister Boris Johnson gave HS2 Ltd a revised budget of more than £98bn. The first stretch of the railway between London and Birmingham is set to cost up to £40bn. Construction is not expected to be completed until 2029 at the earliest. Phase 2 is set to be operational by 2040.