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High Speed 2 Railway Line: Construction

Department for Transport written question – answered on 27th July 2017.

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Photo of Lord Berkeley Lord Berkeley Labour

Her Majesty's Government how they intend to finance the construction of HS2 Phase 1; and whether they intend to use a Public Private-Partnership arrangement for any of the construction work.

Photo of Lord Callanan Lord Callanan Parliamentary Under-Secretary (Department for Transport)

Delivery of HS2 is being taken forward on the basis of public funding by HM Treasury. A long-term funding envelope of £55.7bn (2015 prices) was set out in Spending Review 2015, of which £27.18bn is allocated to Phase 1.

We will continue to explore opportunities for private financing, where this offers value for money to the taxpayer.

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