High Speed 2 Railway Line

Department for Transport written question – answered on 6th March 2019.

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Photo of Craig Tracey Craig Tracey Conservative, North Warwickshire

To ask the Secretary of State for Transport, what recent estimate he has made of the cost of High Speed Two; and what recent assessment he has made of the value for money of that project.

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

The Spending Review 2015 confirmed a funding envelope for the whole of HS2 of £55.7bn at 2015 prices. DfT remains determined that the project will be delivered within the £55.7bn funding envelope.

The benefit-cost ratio for the HS2 network as a whole, including wider economic impacts, suggests that for every £1 invested the UK will receive £2.30 of benefits.

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