HS2 could cost nearly £68bn after inflation

By Daniel Gayne2024-01-11T07:00:00

Source: Grimshaw \ HS2 Ltd

Cuts to scheme could also reduce passenger capacity between Birmingham and Manchester

Inflation experienced by the construction sector since 2019 could add as much as £10bn to the cost of Britain’s biggest infrastructure project.

HS2 Ltd, the company responsible for delivering the high-speed rail project, currently expects phase one of the scheme to cost between £49bn and £56.6bn, but due to government rules these figures continue to be calculated in 2019 prices.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community