Could part of the billion-dollar HS2 rail project be revived?

Other News Sources - The UKs high-speed rail (HS2) project is a scheme first proposed in 2009 when the Labour Party was in power. It was pushed forward by a Conservative-Liberal Democrat coalition in the years to come, before ultimately a large portion of it was cancelled by the Conservatives last year. With Labour again at the helm after the 4 July UK elections, whats next for HS2?