High Speed 2 Railway Line

(asked on 17th December 2020) - View Source

Question to the Department for Transport:

To ask Her Majesty's Government what estimate they have made, if any, of the resale value of land and property sales purchased in connection with (1) HS2 Phase 1 and (2) HS2 Phase 2A, in the event that part or all of these projects are cancelled.


Answered by
Baroness Vere of Norbiton Portrait
Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
This question was answered on 5th January 2021

At November 2020, £3.414bn has been spent and committed on the property acquisition programme for Phase One and Phase 2a. No detailed estimates have been produced on the resale value of the property acquired to date on those phases in the event of project cancellation. Subject to wider property disposal rules, the Government’s policy is to sell any land and property not needed for the HS2 programme for its full, unblighted open-market value. The HS2 property disposal policy is kept under review.

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