High Speed 2 Railway Line
(asked on 28th February 2019) - View Source
Question to the Department for Transport:
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.
This question was answered on 6th March 2019
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.