(1 week ago)
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The answer is that this is spending from 2026 to 2031, so of course we do not have the allocation in 2023. We will have it in 2026, however, and it is part of the Government funding process. If the hon. Lady asks me where that money is coming from, it is from the savings made through the cancellation of the northern leg of HS2. In rail terms, that was £19.6 billion.
On that point, I had an interesting interaction with the Secretary of State for Transport. I asked her about the reallocation of that HS2 money, and she referred to it as “fantasy money”. What does the hon. Gentleman say to the point that it is a reallocation of money that the Secretary of State says did not exist?
That is an interesting point. If it is fantasy money, this is a fantasy announcement from last week. I suspect that the Treasury has realised that it is not fantasy money. It is the scheduling of capital expenditure in five-year periods, a bit like we have with road networks and the road investment strategy. In the RIS system we have a five-year forward allocation of resources, and this is just the same, so there is a little political sleight of hand here.
A report by Steer suggests that a light rail vehicle with a capacity of 200 operating every three minutes can carry up to 4,000 people per hour in each direction. That is equivalent to about 50 fully laden buses. The aim now is to get it up and running in the mid-2030s. But if the past is any guide, the biggest risk to the project is delay and cost overruns. With that in mind, I ask the Minister these questions. What steps is she taking to ensure that costs are contained and deadlines do not slip? Has the West Yorkshire combined authority set out a timeline for the environmental and technical work to enable the development to proceed on time? Can she outline what discussions she has had with the mayor to ensure that upgrades to heavy rail infrastructure, such as the trans-Pennine route upgrade, are fully integrated? Can she provide assurances that tomorrow’s transport budget will not see cuts in other areas? Will this scheme actually be delivered? We shall wait and see. I certainly wish it well, but I understand why the residents of West Yorkshire feel sceptical.