Scrapping the HS2 would cost £12billion as the Government-owned firm behind the rail project is accused of trying to ‘con’ Boris Johnson into giving it the green light. Ministers have warned that abandoning the high-speed rail proposals would cost billions in compensations as well as leaving some of the UK’s major construction companies on the brink of financial uncertainty. And now allegations made by former staff members at the HS2 firm, which is owned by the Department for Transport, claim that additional costs are being covered up. Scrapping the HS2 would cost £12billion as the Government-owned firm behind the rail project is accused of trying to ‘con’ Boris Johnson into giving it the green light. Pictured: Artist’s impression of an HS2 train on the Birmingham and Fazeley viaduct An estimated £9billion has already been spent on the scheme and sources close to the project have said that £3billion in extra costs would be incurred even if it was scrapped immediately, according to the Observer. HS2 Ltd has been accused of revising agreements with its main contractors to ensure that future increases in cost will be handed directly to the firm. This would mean that they would be funded by taxpayers rather than… Read full this story
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