HS2 could cut costs by reducing trains' speed, Tory peer admits

By Will Ing2018-12-17T06:00:00

Lord Young made remarks in House of Lords debate about price of £56bn project

A Conservative frontbencher in the House of Lords has said the top speed of trains on the HS2 railway could be cut in order to make sure costs on the £56bn scheme don’t rocket further.

The scheme was originally budgeted at £32.7bn but has since climbed in cost with the recent problems on Crossrail – which requires another £2bn to be completed – heaping more scrutiny on HS2’s pricetag.

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