High Speed 2 Railway Line

Department for Transport written question – answered on 28th November 2018.

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Photo of Lord Macpherson of Earl's Court Lord Macpherson of Earl's Court Crossbench

To ask Her Majesty's Government what is their current estimate of the combined cost of phases 1 and 2 of High Speed 2; and what was the estimated cost of phases 1 and 2 in 2010 when the scheme was reviewed.

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

The current HS2 funding envelope is £55.73bn (at 2015 prices), as set out in the 2015 Spending Review settlement. This is split between phases, with Phase One set at £27.18bn and Phase 2a&b at £28.55bn.

At the 2013 Spending Review the HS2 funding envelope was at £50.1bn (at 2011 prices). This funding allocation was split as follows: Phase One £21.4bn, Phase 2 £21.2bn and Rolling Stock £7.5bn. Spending Review 2013 was the first time a long term funding envelope was established for the HS2 network.

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