The HS2 high-speed rail project has come under renewed attack by MPs on the Commons public accounts committee, who have accused the Department of Transport of failing to present a "convincing strategic case" for the £50 billion investment.
MPs from the Commons public accounts committee have called for the Department of Transport to provide more detailed evidence to support the estimated £50 billion investment. Presenting the committee's findings, chairperson Marget Hodge said:
The pattern so far has been for costs to spiral - from more than £16 billion to £21 billion plus for phase one - and the estimated benefits to dwindle.
In my committee's experience, not allowing enough time for preparation undermines projects from the start.
The Commons public accounts committee has issued a withering assessment of the HS2 high-speed rail project, warning costs were spiralling whilst benefits were dwindling.
The committee said the case for the £50 billion project was based on "fragile numbers, out-of-date data and assumptions which do not reflect real life" with no evidence it would aid regional economies not simply "suck" even more activity into London.
It has demanded an urgent explanation of how quickly the Department of Transport could plug the "significant" gaps in the commercial and major project expertise in its teams.
The HS2 high-speed rail project has come under renewed attack by the Commons public accounts committee, who have accused the Department of Transport of failing to present a "convincing strategic case" for the £50 billion project.
The public spending watchdog raised a number of questions about the apparent benefits and warned the costs were spiralling.