UK: HS2 rail project may see funds slashed after elections

uk_hs2If the Labour Party wins the general election in May, it plans to review the cost of the second phase of the widely criticised High Speed Two railway in a bid to bring down the project’s soaring bill, The Independent reports.  The second phase is estimated at £21.2bn (29.3 billion euros). Phase one of the project, from London to Birmingham, will be however left broadly untouched.
The Y-shaped route would see HS2 divide into two legs from Birmingham, one going to Leeds and the other to Manchester. The bill allowing the first phase of HS2 to be built is going through Parliament. Due to cross-party agreement, the bill will not have to be restarted after the general election.

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