UK ministers are set to order the management of High Speed 2 to explore last-ditch attempts to cut the cost of the rail project, including reducing the speed of its trains.
Mark Wild, chief executive of HS2, had been expected to unveil a “reset” by the end of March in which he would admit that the project would not be finished until after 2037 and the budget would exceed £100bn.
But Heidi Alexander, the transport secretary, will make Wild delay those findings for at least a month while he examines options to “claw back as much time and money for the taxpayer as possible”, according to her allies.
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