High Speed 2 Railway Line

Transport written question – answered on 23rd June 2014.

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Photo of Frank Dobson Frank Dobson Labour, Holborn and St Pancras

To ask the Secretary of State for Transport what form he expects the Chinese investment in High Speed 2 to take.

Photo of Robert Goodwill Robert Goodwill Parliamentary Under-Secretary (Department for Transport)

The 2013 spending review provided a long-term funding commitment of £50 billion to deliver HS2. We are continuously seeking ways to reduce costs to the taxpayer, and we are very open to proposals around including elements of private financing, including Chinese investment.

Opportunities for external investment might exist in relation to rolling stock and development and regeneration around stations. This could provide benefits to both taxpayers and investors.

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