High Speed 2 Railway Line

(asked on 30th November 2021) - View Source

Question to the Department for Transport:

To ask Her Majesty's Government what assessment they have made of the impact on (1) the operational costs of HS2, and (2) ticket prices, as a result of the recent increase in energy prices.


Answered by
Baroness Vere of Norbiton Portrait
Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
This question was answered on 14th December 2021

There has been no specific assessment of the impact of recent increases in energy prices on HS2 operating costs. HS2 is not due to be operational until between 2029 to 2033, and it is uncertain if the current energy price fluctuations will still be relevant at this time. Operational cost predictions, including energy prices, are updated regularly and future analysis will use the most relevant energy price projections. Detailed decisions on HS2 fares and services will be taken nearer to when the railway commences operation.

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