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MAY 16, 2013 - The Guardian

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HS2 rail project has £3.3bn funding shortfall, warns spending watchdog

MP condemns 'farcical' government business case amid concerns over whether regions will benefit economicallyThe HS2 high-speed rail project is facing a shortfall of an estimated £3.3bn which the government has yet to decide how to pay for, a critical report from Whitehall's independent auditors has concluded.It also remains unclear how the £32bn plan to build a faster link between London, Manchester, Birmingham and Leeds would deliver and rebalance economic growth in the country, according to the report by the National Audit Office.The findings have provoked withering responses from the ... Read More

Tags: HS2 rail project has £3.3bn funding shortfall, warns spending watchdog,  David Cameron Latest News