HS2's boss admits delays are among options being considered to combat the impact of inflation.
Delays to HS2 are being considered among other options to curb rising costs, the project's boss has admitted.
But the price-tag of the project, which is the biggest of its kind in Europe, has swollen from the £33bn outlined in 2010 to at least £71bn.The soaring cost of materials has posed a fresh challenge, at a time when the Department for Transport's budget is not due to keep up with inflation.
Asked if delaying some parts of the project would help save money, he argued delays did not "typically" save money in the long run.In a statement, a spokesperson for the government said it continued to carry out regular reviews of the scope, schedule and cost of the project to ensure it delivered value for money.
Scott Knowles from business group the East Midlands Chamber, said firms needed to know whether this section would definitely go ahead. "I think that's a temptation we have to resist… because if you don't do part of the project, you lose the benefits that go with that part of the project, and you leave the expensive Phase One that's now under construction under-used".
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