If project timelines and budgets are not credible, it has very real implications for the viability of future infrastructure projects. It becomes much harder to justify future spending if you can't trust your models.
Already (before than pandemic hit) the blow-outs on Crossrail were putting the north-south "Crossrail 2" line in doubt. Originally it was hoped this would get started in 2023, but I doubt there's any chance it will start before well into the 2030s now.