Member

Since July we have appointed new leadership of HS2 Ltd to turn this project around. We have made it clear to the new chief executive, Mark Wild, that the priority is building the rest of the railway safely at the lowest reasonable cost, even if this takes longer. We have started the year-long task of fundamentally resetting the project, including commissioning infrastructure expert James Stewart to lead a review into governance and oversight. As part of that reset, we have reduced financial delegations to HS2 Ltd, placing a lid on spiralling costs until the reset is complete and we regain confidence, and we have supported Mark Wild’s review of the size and cost of HS2 as an organisation.