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East Midlands Chamber News

HS2 Bill may be £10bn Higher Than Predicted

The proposed budget for the HS2 railway has risen by nearly £10bn to more than £40bn, the transport minister has said.

Patrick McLoughlin told the Commons the new projected cost of £42.6bn, up from £33bn, would include a large "contingency" fund.

He said the final cost could be lower than the new estimate, but said revising the figure was "right".

Some Conservative MPs are expected to vote against the High Speed Rail (Preparation) Bill later, the BBC has reported.