High Speed 2 Railway Line

Department for Transport written question – answered on 13th December 2018.

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Photo of Jim Cunningham Jim Cunningham Labour, Coventry South

To ask the Secretary of State for Transport, what recent estimate his Department has made of the cost to the public purse of High Speed Two.

Photo of Nusrat Ghani Nusrat Ghani Parliamentary Under-Secretary (Department for Transport), Assistant Whip (HM Treasury)

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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