High Speed 2 Railway Line

Department for Transport written question – answered on 19th September 2017.

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Photo of Antoinette Sandbach Antoinette Sandbach Conservative, Eddisbury

To ask the Secretary of State for Transport, how much and what proportion of the funding available for the second phase of High Speed 2 has been allocated to (a) contingency and (b) rolling stock.

Photo of Paul Maynard Paul Maynard Parliamentary Under-Secretary (Department for Transport)

The 2015 Spending Review set a funding envelope for Phase Two of £28.55bn (in 2015 prices). Following the transfer of scope of Crewe Tunnel between phases, £3.48bn has been allocated to Phase 2a and £25.07bn to Phase 2b (including provision for rolling stock). HS2 Ltd is expected to manage all elements of the delivery of Phase 2b from within the overall funding provision. As such, there is no separately designated Rolling Stock budget within the Phase 2b allocation.

The amount of contingency available in these allocations has been calculated in line with HM Treasury’s Green Book guidance. Further detail can be found in the Phase Two financial case:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/629165/high-speed-two-phase-two-financial-case.pdf

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