High Speed 2 Railway Line: Finance

(asked on 2nd November 2020) - View Source

Question to the Department for Transport:

To ask Her Majesty's Government what is their latest funding envelope for HS2, broken down by (1) Phase 1 (Euston to Old Oak Common), (2) Phase 1 (Old Oak Common to the West Midlands), (3) Phase 2a, (4) Phase 2b Western Leg, and (5) Phase 2b Eastern Leg.


This question was answered on 16th November 2020

In April, the Government approved the Full Business Case for Phase One and set the funding envelope at £44.6 billion (2019 prices), including Euston. The overall Phase 2a estimated cost is ranged between £5-7 billion (2019 prices). Updated cost estimates will be provided for the Phase 2b links to Manchester and Leeds once the Integrated Rail Plan is concluded. The Government has committed to keeping Parliament regularly updated on the latest cost estimates of the scheme via twice yearly reporting. The first of these was published in October.

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