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High Speed 2 Railway Line

Department for Transport written question – answered on 24th January 2018.

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Photo of Lord Framlingham Lord Framlingham Conservative

To ask Her Majesty's Government what is their latest estimate of the final total cost of HS2.

Photo of Baroness Sugg Baroness Sugg Parliamentary Under-Secretary (Department for Transport)

At the 2015 Spending Review (SR15), the Government restated the long-term Funding Envelope for delivery of the full HS2 scheme of £55.7bn (Quarter 1 2015 prices), of which £27.18bn has been set for Phase One and £28.55bn for Phase Two.

We are determined to deliver HS2 within its total Funding Envelope of £55.7bn and have set HS2 Ltd cost targets which would deliver the programme below this amount.

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