19.09.16
Over 14,000 jobs ‘would be lost if HS2 is cancelled’
The HS2 contracts already let or tendered have already created 14,440 jobs, new analysis shows.
A new report from High Speed Rail Industry Leaders said the analysis, carried out by Albion Economics, provides “an estimate of the number of HS2 jobs that are already a subject of issued tenders—that is to say jobs that would be lost if the project was now to be cancelled”.
Of these 14,440 jobs, 85% are created by civil contracts, 8% by design and professional services and 7% by enabling works.
The report also found that HS2 could create 26,650 jobs by its peak in 2017-20, as well as 2,000 new apprenticeships.
HS2 currently has seven civil engineering contracts, worth £12bn, out to tender, with companies involved in the process including Balfour Beatty, Skanska and Laing O’Rourke.
The HS2 Bill is currently going through the House of Lords and is due to gain Royal Assent by the end of the year.
However, Sir Amyas Morse, the head of the National Audit Office, recently warned that the project might be harder to deliver if there is an economic downturn following June’s EU referendum.
A recent report from the Public Accounts Committee warned that it still needs to clarify when phase 1 will open and how much phase 2 will cost.
(Image c. Rui Vieira from PA Wire and Press Association Images)
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