20-10-2024 22:46 via constructionenquirer.com

HS2 contracts face rewrite as costs spiral out of control

The Government is threatening to rewrite construction contracts on HS2 as ministers step-in to oversee the project amid spiralling costs.
Transport Secretary Louise Haigh said she is “reinstating ministerial oversight of the project to ensure greater accountability.”
She added: “Separately, the incentives of the main HS2 contractors are also being reviewed, which could lead to some contracts being renegotiated or amended.”Haigh said: “It has long been clear that the
Read more »