Cost of HS2 could hit £80bn, claims Institute of Economic Affairs

The Financial Times reports on IEA research

The cost of the UK’s High Speed 2 rail line could rocket to £80bn, according to a new report from the Institute of Economic Affairs, which argues the project’s recently increased cost estimate of £43bn is not enough.

The report, due to be published on Monday, will say that more than £30bn of extra costs are likely to come from areas including additional roads and infrastructure to service the new line and changes to the route to buy off local opposition. The line is planned to run from London via the Midlands to both Manchester and Leeds, but the IEA says the current proposals could change as politicians seek to damp local opposition to the plan.

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