Question to the Department for Transport:

To ask His Majesty's Government how much the HS2 project has cost to date; what estimate they have made of the cost of completing the project; and when they anticipate that it will be completed.

This Government inherited an exceptionally bad position at HS2, and has been working hard to grip HS2’s spiralling costs and has tasked HS2 Ltd’s CEO with conducting a comprehensive review of the programme, including assessing the current position on cost and schedule. He will provide advice for government to assess leading to agreeing a reset budget in 2026.

As reported in the last HS2 report to Parliament in December 2024, overall spend to date was £30.2 billion (2019 prices). An update will be provided in the next report to Parliament.

The date for delivery of initial HS2 services between Birmingham Curzon Street and Old Oak Common by 2033 remains, but there are significant pressures on this schedule.

We will report to Parliament once we have agreed a revised estimate for cost and schedule.