HS2 Ltd: Costs

Baroness Taylor of Stevenage Excerpts

Wednesday 25th October 2023 Lords Chamber

[Baroness Vere of Norbiton (Con)]

I am delighted to reassure the noble Baroness that that is precisely what we are doing. We have looked at the land for phase 2a and concluded that we do not need it for other rail projects. Therefore, safeguarding will be formally lifted. However, we will not lift the formal safeguarding for phase 2b until next summer, because there is a job of work to be done. The noble Baroness is absolutely right: the Government will not sell off the land until we have established which bits will be needed for projects such as Northern Powerhouse Rail.

[Baroness Taylor of Stevenage (Lab)]

My Lords, as the noble Baroness, Lady Randerson, said, on top of the financial fiasco surrounding HS2 that has already unfolded, it appears that the Government are about to add what High Speed Rail Group calculated as more than £100 million of further losses to the taxpayer in the fire sale of land that had been acquired along the route. Will the Minister respond to comments made by Sir John Armitt and the National Infrastructure Commission that it would be a mistake to sell off the land that the Government bought and that they should keep their options open?

[Baroness Vere of Norbiton (Con)]

The Government are keeping their options open as necessary.