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Shit’s expensive, and the cost of Labour and stuff is fluctuating wildly. The red rating presumably means something like very uncertain as to when the thing will be delivered and how much it might cost.
Howard-
HS2 was initially scheduled to open in 2026, but is now projected to open between 2029 and 2033 because of construction difficulties and rising costs. A budget of £55.7bn for the whole project was set in 2015 but the target cost, excluding the eastern leg of Phase 2b from the West Midlands to the East Midlands, has risen to between £53bn and £61bn at 2019 prices.
In March, the transport secretary, Mark Harper, announced that work at Euston would be paused for two years as costs had ballooned to £4.8bn compared with an initial budget of £2.6bn.
How does five years late and you are going to spend more but only get some of it sound. Will cost 100bn to get the whole thing
greentricky
£20bn already spent and the project deemed unviable, wtf
https://www.theguardian.com/uk-news/2023/jul/30/hs2-officially-unachievable-red-rating-problems-london-birmingham?