High Speed 2 Line

Department for Transport written question – answered at on 27 November 2023.

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Photo of Andrew Slaughter Andrew Slaughter Labour, Hammersmith

To ask the Secretary of State for Transport, what the total cost for the Old Oak Common to Euston branch of HS2 is; and what proportion of that cost will be met by private finance.

Photo of Huw Merriman Huw Merriman Minister of State (Department for Transport)

The scope and cost estimates for this section of the route are subject to review following the Network North announcement. An updated cost estimate will be reported to Parliament in due course, noting we are seeking to strip back the project and deliver a station that works, but does not include any features we do not need.

In relation to private finance, work has commenced on developing the design of the model that will be used, as well as consideration of how and where the alternative funding generated by this will be spent. This will include consideration of a range of development models and financing mechanisms, before a final proposal is determined. Updates will be reported to Parliament in due course as this work progresses.

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