Report progress on HS2 contract renegotiations and plans for achieving cost savings
HS2 Ltd’s construction contracts are unacceptable to the public purse and it is imperative that HS2 Ltd deliver on its assurances to us that it can renegotiate these and deliver significant cost savings. The terms and operation of these contracts provide extremely poor value for money. HS2 Ltd did not …
Government response. The government disagrees with the specific recommendations, stating that due to ongoing, commercially sensitive negotiations and a programme reset, they cannot provide details on savings or commit to writing to the committee by the specified deadline. Updates will be provided …
HM Treasury