High Speed 2 Railway Line

Department for Transport written question – answered on 12th January 2015.

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Photo of Austin Mitchell Austin Mitchell Labour, Great Grimsby

To ask the Secretary of State for Transport, what recent estimate he has made of the cost of constructing the High Speed 2 line to (a) Birmingham, (b) Manchester and (c) Leeds.

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

Spending Round 2013 set out a long-term funding envelope for HS2 Phase 1 (London to Birmingham) of £21.4bn (in 2011 prices). For Phase 2 (Birmingham to Manchester and Leeds) the envelope is £21.2bn (in 2011 prices), with a further £7.5bn (in 2011 prices) for rolling stock. This provides long-term certainty to the project.

In the Development Agreement signed between DfT and HS2 Ltd on the 8th December 2014 (https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/389368/HS2_development_agreement__December_2014_.pdf), HS2 Ltd has been set a Target Price for delivering Phase 1 of £19.34bn, including £3bn for rolling stock.

There is no equivalent Target Price for Phase Two yet.

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