Revealed: the £12bn bill for scrapping high-speed rail link | UK news

Scrapping the HS2 rail project will cost at least £12 billion in write-offs and compensation and plunge major construction companies into financial peril, ministers are being warned. Sources close to the beleaguered scheme told the Observer that extra costs of £3bn-£4bn would be incurred even if it were scrapped immediately. £9bn has been spent already. …

Revealed: the £12bn bill for scrapping high-speed rail link | UK news Read More »