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The former chair of HS2 has admitted that 鈥渘obody knows鈥� what the final price tag of the proposed new high-speed rail line will be.

Sir Terry Morgan (pictured), who was forced to resign as chair of both Crossrail and HS2 in December, told a House of Lords select committee earlier this week that 鈥渘obody knows the number鈥� of what the final cost of HS2 will be.

Morgan, who was chair of HS2 for four months, told peers on the economic affairs select committe that while 鈥渆verybody has their own guesstimate鈥� as to what the scheme would cost, it was impossible to know whether it would be able to be completed for its 拢56bn budget.

He also suggested the railway should initially terminate in west London at Old Oak Common rather than at the current proposal of Euston in order to save some cash.

Morgan, who was replaced by former Atkins chair Allan Cook at HS2 last month, said it would be better to 鈥渄isconnect Euston away from phase one鈥�.

He added: 鈥淓uston is very, very complicated in terms of impact and disruption.鈥�

While demolition and enabling work has begun at HS2鈥檚 London sites, the award of the main construction contracts at both Euston and Old Oak Common, which was expected to happen before the end of last year, has been pushed back.

A spokesperson for HS2 said it now expected to be appoint winners on these packages by the spring.

Morgan鈥檚 comments will have done little to quiet the increasing calls for the project to be canned or for cost cutting measures to be implemented, as concerns about the overall cost of the project continue to grow.

The project was originally set to cost 拢32.7bn but has already gone up by over 70%.

Earlier this month, it emerged HS2 chief executive Mark Thurston suggested a trio of measures to cut costs and save time on the project despite insisting his corporation is working to the original cost and scope.

Thurston said trains could come less frequently, ballast track could be used instead of the proposed slab track and, as 好色先生TV first reported in December, that the max train speeds could be reduced by 50km/h.