High Speed 2 Railway Line: Construction
(asked on 19th July 2017) - View Source
Question to the Department for Transport:
Her Majesty's Government how they intend to finance the construction of HS2 Phase 1; and whether they intend to use a Public Private-Partnership arrangement for any of the construction work.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 27th July 2017
Delivery of HS2 is being taken forward on the basis of public funding by HM Treasury. A long-term funding envelope of £55.7bn (2015 prices) was set out in Spending Review 2015, of which £27.18bn is allocated to Phase 1.
We will continue to explore opportunities for private financing, where this offers value for money to the taxpayer.