A spokesperson for HS2 Ltd said: “We welcome the Secretary of State’s priorities for HS2 Ltd and are committed to working with the new Government to improve delivery.”
Adding: “HS2 Ltd recognises that there are many lessons to be learned from delivery to date and, under new leadership, are actively implementing the changes within our control to stablise costs.”
A new independent review of the project has also been commissioned.
The government confirmed it has commissioned the review which will be carried our by a former Chief Executive of Crossrail, James Stewart.
HS2 Ltd said that it looks forward to the “recommendations” of Mr Stewart.
In January, the boss of HS2 Ltd estimated that the total cost of HS2 could rise, saying a hike in the cost of materials such as concrete and steel have added £8bn to £10bn to the project’s budget.