Lord Hendy of Richmond Hill (Lab)

I thank my noble friend for that. There is no latest cost estimate. One of the things we are absolutely resolved to do is not to have such a cost estimate until Mark Wild and the people he is bringing in have been through this project in such detail that an estimate can be reliable. It is not at all satisfactory to have contractors working on such huge contracts without a full understanding by a decent sponsor of what they have delivered as they deliver it, how much it has cost, and what the remaining work is. That is also a feature, because the contracts were let too early and the design was not certain, so all that work needs to be done. My noble friend is right that four new people by themselves cannot do all this—not by a long chalk. But noble Lords will, I hope, have read Mark Wild’s letter in detail, in which he sets out that, fundamentally, HS2 is unfit for purpose and he will have to restructure that company, alongside getting proper estimates of cost and timescale. He will need some help doing it and much of my and the Secretary of State’s discussion with him in the last weeks and months has been about how many people he needs to do that, who they are, whether we can trust them and how quickly we can get them in. Those elements are all important. One of the really important things in this is that, I think for the first time for a long time, we will have a chair and a chief executive of HS2 who are communicative, collaborative, straight and honest, and we can have a discussion with them about where this is going and what it is doing. One of the characteristics of this company so far and of the Crossrail company for most of its life is that they were both arrogant enough to believe that they knew what they were doing without any supervision and without telling anybody what was really going on. In both cases, it went badly wrong. Mark knows that he has to change the culture of the company. There clearly are some good people there, but they need to be led and directed properly.