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Faisal Islam: Why a full HS2 line could still be built

  • Transport Secretary Heidi Alexander announced HS2 costs have risen to £102.7 billion, with full services from Euston to Handsacre junction now expected between May 2040 and December 2043.
  • The government attributed two-thirds of the cost surge to inefficient delivery and past underestimation by previous administrations, while inflation accounted for the remaining third.
  • Reducing train speeds to 320km/h, down from 360km/h, could deliver savings of up to £2.5 billion, Alexander said, cutting construction costs and project complexity.
  • Plaid Cymru Transport Spokesperson Ann Davies demanded the government classify the project as an England-only scheme to recover roughly £4 billion, calling it 'shambolic from the outset.'
  • HS2 chief executive Mark Wild stated that resetting the project was the only way to regain control, as total costs now exceed the £69 billion spent on the Artemis II mission.
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railtechnologymagazine.com broke the news on Tuesday, May 19, 2026.
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