The HS2 money pit: Ministers are told first stage of high-speed rail line may cost another £800m... six months after a budget increase saw total costs soar by £20.6bn to £43billion
Ministers have been told that Phase One of controversial rail line HS2 could cost £800million more than planned. It comes just six months after a budget increase saw total predicted costs for the first stage of the high-speed line soar by £20.6billion to £43billion. In a written statement to Parliament, HS2 Minister Andrew Stephenson said half of this figure is due to preparation of the route for construction involving 'more significant challenges than anticipated'. This includes the need to remove more asbestos than expected. Another 'significant cost pressure' worth £400 million has also been identified during the development of designs for Euston station. Mr Stephenson warned that further investigation is being carried out which 'could identify further pressure'. Ministers have been told that Phase One of controversial rail line HS2 could cost £800million more than planned. Pictured: HS2 Minister Andrew Stephenson The HS2 route would initially link London and