Transport Secretary Heidi Alexander says the HS2 could cost up to £102.7billion and may not open until 2039.
Addressing MPs in the House of Commons, Ms Alexander said: "It gives me no pleasure to say the expected cost of completing two is now between £87.7billion and £102.7billion, priced in 2025.
"Two thirds of this increase is down to past misunderstanding of the work required underestimation and inefficiency issues within the control of HS2 limited some of its suppliers and previous Governments."
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