HS2 Rail Network in ‘Serious Situation,’ Project CEO Warns Amid Cost Concerns

HS2 Ltd said that 70 percent of the project’s twin-bore tunnels have been excavated to date.

An HS2 construction worker at Curzon Street station in Birmingham, England, on May 10, 2021. Jacob King/PA

Britain’s High Speed 2 (HS2) rail network is in a “serious situation requiring a fundamental reset” to minimise costs, the CEO of the public body responsible for the project warned in a Dec. 30 statement.

Mark Wild, who joined HS2 Ltd as chief executive in December, said that a wide-ranging review of the infrastructure project will be published next year.