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Great Western rail electrification cost 'up to £2.8bn' Great Western rail electrification cost 'up to £2.8bn'
(about 1 hour later)
The cost of electrifying the Great Western railway line between Swansea and London could reach £2.8bn, the boss of Network Rail has said. The cost of electrifying the Great Western railway line between Cardiff and London could reach £2.8bn, the boss of Network Rail has said.
Chief executive Mark Carne told MPs the estimate had been £874m in January 2013 and £1.5bn in September 2014.Chief executive Mark Carne told MPs the estimate had been £874m in January 2013 and £1.5bn in September 2014.
He said the "cost base was out of date" because significant electrification had not been carried out for 20 years. Mr Carne blamed "inadequate planning and scope definition" in the early stages and an out-of-date cost base.
Mr Carne also blamed "inadequate planning and scope definition of the project in the early stages". Public accounts chair Meg Hiller called the increase "staggering" and claimed he had fallen "asleep on the job".
"From the very early stages of the design of a project, as you go forward there's a significant degree of uncertainty," Mr Carne told the Commons public accounts committee on Wednesday.
"I fully accept that this is extremely disappointing to everybody involved," he added.
Ms Hillier responded: "It's unbelievable and it's unacceptable that there was such poor planning."