High Speed 2 Railway Line

Department for Transport written question – answered on 8th January 2019.

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Photo of Lord Framlingham Lord Framlingham Conservative

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

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

At the Spending Review in 2015, the Government restated the long-term funding envelope for delivery of the full HS2 scheme of £55.7bn (2015 prices), of which £27.18bn was allocated to Phase One and £28.55bn for Phase Two.

We remain committed to deliver HS2 within budget with cost targets to be set for HS2 Ltd to deliver the programme below this amount. HS2 Ltd remain focussed on challenging programme costs, actively seeking to deliver the absolute best value for money to the UK tax payer.

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