00:01The report said the Department for Transport and HS2 Limited are aiming to complete the
00:07reset by Spring 2027, but it is crucial that they get it right this time, following past
00:15failures. It added that, in the autumn, the Department for Transport and HS2 should review
00:21how realistic its timetable for completing the reset is, and revise it if necessary.
00:28The National Audit Office said the estimated cost of the reset process is £153 million.
00:37Constructing HS2 from London to Birmingham, plus the now abandoned onward legs to Leeds
00:43and Manchester, was initially estimated to cost £32.7 billion. The latest cost estimate,
00:51meanwhile, has roughly doubled the figure from 2020. Services were initially scheduled to
00:56launch this year, but now may not even begin until the 2040s. The National Audit Office
01:03said most of the cost increases were caused by cost underestimation, inefficient delivery,
01:10and scope changes. A Department for Transport spokesperson said following years of mismanagement,
01:16this government has taken decisive action to reset HS2 and ensure the safe delivery of the
01:22line between Birmingham and London at the lowest reasonable cost.
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