Project developer has spent $36 billion on the continuing London-Birmingham phase and $2.2 billion on canceled phases. Closing down canceled work will add another $130 million.
The project was budgeted to cost $57 billion at 2019 prices, but an executive says poor planning and construction cost inflation are impacting the price.
With its workforce now peaking at around 30,000, the U.K.'s London-Birmingham 140-mile HS2 high speed railroad is shifting into the fit-out stage with more than $6 billion of track and system work being readied for procurement.
But the megaproject's current chances of successful delivery was rated "unachievable" by the government's Infrastructure and
Projects Authority in its recent annual review.