£5.5bn spent on HS2 before main construction started

Grant Prior 6 years ago
Share

At least £5.5bn was spent on HS2 before main construction work even started.

Figures published in Parliament last week confirm £5.5bn of the £56bn budget was spent between 2009 and April 2018.

The money has been spent on the purchase of land and property, design, legal fees, consultants, staffing and other overheads before main construction work started on site.

Further financial details revealed that HS2 spent £5.7m on 89 agency staff during the six months to December 2018 at an average annual salary of £128,000.

Doubts have been raised over the future of the project due to fears over escalating costs.

But rail minister Andrew Jones said: “Already there are 7,000 jobs supported by the programme; already over 2,000 businesses have HS2 contracts; and already the diggers are on the ground in Birmingham. Building has started.

“And in case you have seen any recent newspaper stories claiming that the northern stages of HS2 might not be built – they are complete nonsense.

“HS2 was conceived, developed and is now being delivered as a national railway – but in particular to improve links for the north and midlands.

“So our commitment to HS2, the full network to Manchester and Leeds, remains undiminished.”

Latest news

Galliford Try tops monthly contracts league

Contract awards slow down in November
6 mins ago

£2bn Edinburgh ‘West Town’ scheme approved

7,000 homes to be built at 205-acre site
16 hours ago

Briggs & Forrester sells maintenance arm

100 engineers to move over to new owner
17 hours ago

Rayner approves Lancashire super prison

Communities secretary overrules planning inspector for 1,700 inmate prison.
24 hours ago

Wates boss returns after collapse of his own contractor

Paul Nicholls was head of the failed Real construction group
2 days ago

Trio secure Birmingham deal to retrofit 3,000 homes a year

Specialist contractors to install insulation, efficient heating and solar panels
24 hours ago

Costain confirms £400m HS2 tunnels win

Work to start early next year on tunnel and lineside mechanical and electrical systems
24 hours ago

First nuclear reactor installed at Hinkley: Video

Watch precision operation at Somerset site
23 hours ago

Winner named for £14m Harbourside revamp

Local Irvine contractor to transform beach front
24 hours ago

New Fair Payment Code goes live today

Latest bid to get subcontractors and suppliers paid within 30 days
2 days ago

Lincolnshire concrete supplier files administration notice

Ever Readymix Concrete & Screed operates three depots and a fleet of 20 trucks
2 days ago

Graham lands first deal on Liverpool’s largest brownfield site

Contractor bags infrastructure package on 10.5 hectare site
3 days ago

Bouygues UK boss to step down

Fabienne Viala to leave after eight years at the helm
3 days ago

Galliford Try scoops £87m brace of London jobs

Firm will redevelop a prominent corner building on Sloane Street in Chelsea
2 days ago

New HS2 boss Mark Wild starts amid prep for final TBM drives

Former Crossrail CEO starts with a sharp focus on controlling costs
3 days ago

Ten consultants land Thames Water major upgrade places

Firms will share £400m of fee work over next five years
3 days ago

Rayner ultimatum to fix all unsafe tall buildings by 2029

Recladding work must start on all 18m+ resi buildings by 2027
3 days ago

ISG administrator finds just £35m to pay down £1.1bn debt

Failed firm was set to report £148m blackhole from legacy jobs
3 days ago

Redesign needed on Colas “bridge to nowhere”

Technical challenges continue as £38m scheme faces further delays
3 days ago

Skanska UK shakes-up boardroom team

Four new board appointments as two directors step down
3 days ago

Ultra rich clamour for Mace super prime resi scheme

Topping out at £2bn 1 Mayfair scheme where homes start at £35m
3 days ago

Watkin Jones wins £48m St Helen’s affordable homes deal

Firm to build nearly 300 homes for housing association
3 days ago

Barratt sets start date for High Barnet station scheme

Latest scheme to be delivered by the £1.9bn West London Partnership
3 days ago

Investors lose £26m after M&E contractor goes under

78 private investors hit by Gallant Building Services collapse
6 days ago

First contractor call for £80bn Government mega-framework

Seven-year deal will cover construction work across all departments
7 days ago

Transport Secretary quits Cabinet

Louise Haigh resigns over stolen mobile phone revelations
6 days ago

NHS modular specialist looks to strike deal with creditors

Catfoss Group Manufacturing applies for Company Voluntary Arrangement
6 days ago

Kier bags £23m Cheadle Eco Business park job

Contractor beats rival Galliford Try to deliver Stockport council's green business park
6 days ago

Willmott Dixon wins £24m Leeds council housing scheme

Firm will build 82 council houses on site of Hough Top school
6 days ago

Welding crisis road bridges revealed

Bridge projects in Midlands, Gateshead and Cornwall impacted
1 week ago

Contractor services