Transport Secretary Louise Haigh acknowledged the alarming cost escalation of HS2, engaging directly in the project to halt the financial mismanagement that she described as 'spiraling out of control'. She expressed urgency in implementing measures to ensure taxpayer money is used effectively.
Haigh emphasized the dire state of HS2 and her commitment to swift action. She stated, 'I have promised to work fast and fix things,' signaling her intention to control costs and improve project oversight.
HS2 Ltd spokesperson welcomed the new Secretary of State's priorities, expressing a commitment to collaborating with the government for better delivery. They noted, 'There are many lessons to be learned from delivery to date,' indicating a readiness to stabilize costs.
An independent review led by James Stewart, former Chief Executive of Crossrail, has been commissioned to evaluate HS2. HS2 Ltd is eager for his recommendations to improve the project's management and cost-effectiveness.
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