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...HS2 is not expected to start running trains until between 2029 and 2033....
...HS2 did not comment....
...According to an October government estimate, HS2 could return “possibly as little as 80 pence for every £1 invested by the taxpayer”....
...Sunak unveiled the plan in October as he scrapped all of HS2’s northern leg because it was running tens of billions of pounds over budget....
...Alstom and its joint venture partner Hitachi in 2021 won a contract worth up to £2.8bn to build 54 trains for the HS2 rail line....
...Hitachi and Alstom in 2021 won a contract worth up to £2.8bn to build 54 trains for HS2 rail line....
...The axed northern leg of HS2 should be replaced by a cheaper version along the same route, according to the provisional findings of a privately backed review by two of England’s city mayors....
...The estimated cost of building the London-to-Birmingham stretch of the UK’s HS2 high-speed railway has soared to as much as £66.6bn and could rise again, the chair of the scheme has said....
...How one developer earned over £250k from games made in 30 minutes (Guardian) — The horror story of HS2 (Economist) — The evolution of nonbank financing (NBER) — The all time best food movies (Eater)...
...As part of efforts to cut costs, the government stripped HS2 of responsibility last year for rebuilding London’s HS2 terminus at Euston and paused work on the station while it set up a development corporation...
...“How can the government now ensure that HS2 deliver the best possible value for the taxpayer?” she asked....
...We wouldn’t have done that without HS2,” he said....
...income” mortgages fuel Toronto Real Estate Bubble: HSBC Bank Leaks (The Bureau) — Pods, Passive Flows, and Punters (Albert Ridge Capital) — China’s new currency playbook (Council on Foreign Relations) — HS2...
...On Wednesday, HS2 Ltd said the cost of building the London to Birmingham leg had leapt from £45bn in June to an upper limit of £57bn....
...He also announced plans to cut £6.5bn from the cost of the HS2 terminus planned at London Euston....
...HS2 has been centre of attention at the Conservative conference all week. The route from Birmingham to Leeds has already been scrapped....
...“We need to learn lessons from what happened with HS2,” Hunt said. “We will get it right”...
...Rail freight operators described Rishi Sunak’s decision to scrap the northern sections of the HS2 railway but to have HS2 trains run to cities in the north on existing tracks as “the worst of all possible...
...Rishi Sunak has finally confirmed he is terminating the northern part of the HS2 project, putting to rest weeks of speculation. “I’m ending this long running saga,” he said....
...with what would have been undertaken with HS2....
...Rishi Sunak is widely expected to promise a number of transport projects in the north and the midlands in his speech today, using savings from the scrapping of HS2 rail project’s northern leg....
...Rain Newton-Smith, CBI chief executive, said: Businesses and investors in the Midlands and the North have spent the last decade planning for the delivery of HS2....
...Former Conservative prime minister David Cameron, who gave the HS2 railway the go-ahead in 2012, said the decision to scrap the northern sections was “the wrong one”....
...Shapps said that cancelling the northern leg of HS2 would free up tens of billions of pounds to spend elsewhere....
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