To ask the Secretary of State for Transport whether the cost-benefit calculations for High Speed 2 will continue to assume a reduction in the cost of operating the classic rail network after the HS2 route is completed; what total annual saving is assumed; what specific reductions in services and frequencies are proposed; and if he will make a statement.
We will continue to keep all assumptions made in the economic case for HS2 under review to ensure decisions are based on the best available evidence.
The latest economic case published in October 2013 assumes that when HS2 opens fast intercity services to Birmingham and points north will be migrated to the new high speed network, with offsetting reductions in intercity services on the classic rail network.
Descriptions of the assumed service offerings were set out in ‘PfM v4.3: Assumptions report’, published in October 2013 alongside the Economic Case. A copy has been placed in the House Library.
These assumptions have been created for modelling and appraisal purposes only and do not represent a commitment to any specific service pattern. The Department will continue to develop its understanding of the best use of the rail network with HS2 and the implications of different options for the costs of operating the rail network.
The estimated annual saving assumed in the economic case for HS2 is £447 million in 2033-34 (in real 2011 prices, undiscounted).