Oral Answers to Questions

Susan Elan Jones Excerpts

Thursday 12th September 2013 Commons Chamber

The Secretary of State was asked—

[Susan Elan Jones (Clwyd South) (Lab)]

1. What the current budget is for High Speed 2.

[Mrs Siân C. James (Swansea East) (Lab)]

5. What the current budget is for High Speed 2.

[The Secretary of State for Transport (Mr Patrick McLoughlin)]

The spending round of 2013 set a long-term budget for the delivery of HS2 of £42.6 billion. That is made up of £21.4 billion for phase 1 and £21.2 billion for phase 2. The budget includes significant contingency provision of £14.4 billion. That budget is being tightly monitored by the Government and we are confident that the railway will be delivered for less than that figure. I have set HS2 Ltd a “target price” for phase 1 of £17.1 billion.

[Susan Elan Jones]

France, Germany, Japan and many other countries have benefited hugely from their high-speed rail links, and many of us are fed up with a largely London-based commentariat that is seeking to stop a north-south high-speed rail link for this country, but does the Secretary of State agree that, if we are to build a better consensus, it is extremely important that the budget figures he referred to will be both monitored and met?

[Mr McLoughlin]

I completely agree with the hon. Lady. We have a good record of delivering big projects on time. The Crossrail scheme, which is being built at the moment, involves more than £14 billion and is the largest construction project in Europe. It will greatly enhance transport in London; it is essential, but HS2 is essential for the rest of the country.