High Speed 2 Railway Line
(asked on 15th July 2014) - View Source
Question to the Department for Transport:
To ask the Secretary of State for Transport, what estimate he has made of the net economic effect of High Speed 2 for the North-West.
This question was answered on 21st July 2014
Investment in HS2 will deliver widespread connectivity improvements, grow markets and increase opportunities to trade.
The Economic Case for HS2 published in October 2013 estimates that 17% of the transport user benefits of the HS2 Y-Network are generated from trips originating in the North West. This equates to benefits of approximately £342m (PV, 2011 prices) in 2036. Further analysis by KPMG suggests the wider economic effects could be far greater.