34
Department stresses need for correct financial incentives in new Euston delivery company.
Conclusion
The Department also pointed to the need to get the financial incentives right in the new delivery company, including what the shareholding and financial participation would be between the different bodies, so that people consider the collective interest, not just their own interests. The Department reasoned that having that in one delivery body, rather than dispersed across four entities, provides a better chance of producing coherent solutions and effective and efficient delivery.59
Government Response
A response document is linked to this report, dated 16 May 2025. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Report
10th Report - HS2: Update following the Northern leg cancellation
28 Feb 2025
HC 357
Addressee Bodies
HM Treasury
Timeline
Recommendation age
1.5 yrs
Report published
28 Feb 2025