High Speed 2 Line: Greater London

(asked on 23rd October 2023) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what estimate his Department has made of the time it will take to deliver private finance for the (a) tunnel and (b) terminus for Euston HS2.


Answered by
Huw Merriman Portrait
Huw Merriman
Minister of State (Department for Transport)
This question was answered on 26th October 2023

The Network North paper published by the Department for Transport on 4 October 2023 sets out that we will appoint a development company, separate from HS2 Ltd, to manage the delivery of this project. We will also take on the lessons of success stories such as Battersea Power Station and Nine Elms, which secured £9 billion of private sector investment and thousands of homes. So we will harness the future growth that the station will unleash to support its development, to ensure we get the best possible value for the British taxpayer - and ensure that funding is underpinned by contributions from those people and businesses its development supports.

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