Earl Attlee
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HS2 Ltd: Costs
Earl Attlee Excerpts(1 year, 2 months ago)
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Baroness Vere of Norbiton (Con)
As the noble Lord well knows, the decision has been taken to run it into Euston. My colleague the Rail Minister has had a number of meetings with members of the private finance community to start developing plans and options to get that finance together. Battersea Power Station, for example, attracted £9 billion in private sector investment. It is not beyond the wit of man to do something similar, perhaps even more, for the Euston quarter.
Earl Attlee (Con)
My Lords, does my noble friend the Minister agree that we need to take a very close look at the legislative process for large infrastructure projects and at the whole planning system?
Baroness Vere of Norbiton (Con)
I thank my noble friend for that question, but it goes slightly beyond the topic at hand. After the hybrid Bill for phase 2a of HS2, both Houses looked at the hybrid Bill system. It is something that we should continue to refine and improve. However, some infrastructure projects are so large that a hybrid Bill is really the only option.