Threads / HS2 Project / The Department and HS2 Ltd still disagree on the estimated …
Committee Material Published 28 Feb 2025 ↗ View on Parliament

The Department and HS2 Ltd still disagree on the estimated total costs for completing the programme. Despite using the same data, the Department and HS2 Ltd told us that estimates differ because they disagree over a range of technical factors relating to the methodology used for the estimates and assumptions used, for example over the value of remaining risks on the programme and productivity savings.16 HS2 Ltd also had limited cost information from the supply chain, which reduced its ability...

The Department and HS2 Ltd still disagree on the estimated total costs for completing the programme. Despite using the same data, the Department and HS2 Ltd told us that estimates differ because they disagree over a range of technical factors relating to the methodology used for the estimates and assumptions used, for example over the value of remaining risks on the programme and productivity savings.16 HS2 Ltd also had limited cost information from the supply chain, which reduced its ability to assess which cost increases were necessary.17 Type: conclusion | Number: 10 | Response status: accepted Government response: 2.1 The government agrees with the Committee's recommendation. Target implementation date: Spring 2026 2.2 The Secretary of State has commissioned the CEO of HS2 Ltd to undertake a comprehensive review of the programme, including HS2's current cost position and the capability and culture of HS2 Ltd,