Question to the Department for Transport:
To ask the Secretary of State for Transport, what recent estimate he has made of the cost to the public purse of High Speed Two, Phase 1 at today's prices.
A long term funding envelope of £27.18bn has been established for HS2 Phase 1, expressed in 2015 prices. We are determined to deliver Phase 1 within this amount to provide the best value for tax payers. On this basis, all costs are expressed in a comparable price base to ensure we effectively monitor progress towards this objective.