UK PM Johnson backs high speed rail project, defying criticism over rising costs [Reuters]
VINCI SA UNSP/ADR (VCISY)
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Source: Reuters
UK PM Johnson backs high speed rail project, defying criticism over rising costs LONDON (Reuters) - British Prime Minister Boris Johnson gave the “green signal” for a high speed rail line connecting London to northern England on Tuesday, defying critics of the overbudget project and underlining his willingness to spend big on infrastructure. Known as HS2, the scheme will slash journey times and add capacity to Britain’s crowded network, allowing it to catch up with countries such as France and Spain which have long had extensive high-speed rail. Johnson, who secured a big election victory in December by winning towns across northern England, told lawmakers on Tuesday he would restore discipline to Europe’s largest infrastructure project after its costs spiralled. “The cabinet has given high speed rail the green signal,” he told Parliament. “We are going to get this done, and to ensure we do so without further blowouts on either costs or schedule, we are taking decisive action to resto
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