High Speed 2 Line

(asked on 17th July 2023) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what the projected end date is of HS2 phase 1 and when that date was last reviewed; what the forecast spend is for the current financial year and when that forecast was last reviewed; what the initial planned whole life costs were; what the projected whole life costs are and when that projection was last reviewed; and what the delivery confidence assessment is and when that was last reviewed.


Answered by
Huw Merriman Portrait
Huw Merriman
This question was answered on 20th July 2023

The Government set out schedule and cost updates for HS2 Phase 1 in its 6-monthly report on HS2 to Parliament in June. The first high-speed services are expected to run between Old Oak Common in west London and Birmingham Curzon Street between 2029 and 2033. The Target Cost for Phase 1 remains £40.3bn and the Funding Envelope remains £44.6bn (both in 2019 values). HS2 Ltd is currently reviewing its Estimate at Completion.

HS2 Ltd plans to spend £7.6bn (current prices) in 2023/24 on Phase 1. The project’s Delivery Confidence Assessment in Q4 2022/23 was Red. This is reviewed quarterly in line with requirements for the Government’s Major Projects Portfolio.

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