HS2 could face further delays in an effort to avoid rising costs.
The high speed rail line, which is designed to create more effective links between London and key cities in the Midlands and North of England, is hoped to be complete between 2029-33.
However, the leader of the project has said that the construction will be more of a financial burden than originally anticipated. This is due to an amalgamation of staffing costs, rising energy prices and expensive materials.
Mark Thurston, the chief executive of HS2 Ltd, added: “We’re looking at the timing of the project, the phasing of the project, we’re looking at where we can use our supply chain to secure a lot of those things that are costing us more through inflation,”
The government is currently in discussion about timings and budget for the £106bn infrastructure project.
Shadow Transport Secretary Louise Haigh recently demanded the conservative party “get on” with building the 225mph line, in a recent Transport for the North conference.
“Every week a new story is briefed about ministers getting cold feet and plans to slash it further still,” she said.
“As anyone who has delivered major projects will tell you, short-sighted decisions and delays only add cost in the long-run, limit the business case and curtail the ambition of the North.
“I say to government ministers, ‘Get on with it, stop wasting taxpayers’ money and deliver what the North has been promised - and if you can’t or won’t, Labour will’.”
Pillar Partnership look forward to seeing the development of HS2 and aim to keep you informed on its progress.
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