Question to the Department for Transport:

To ask the Secretary of State for Transport, what estimate she has made of the cost of delivering HS2 Euston station; how much of that cost is included within the £87.7 billion to £102.7 billion cost range announced on 19 May 2026; and what proportion of the station cost the Government expects to be funded through private investment.

Drawing on lessons learned from previous experience, the Department is taking the time to complete the necessary work to establish a robust baseline before seeking to set budgets for Euston.

Our private finance and funding package for Euston includes options to use a public-private partnership (PPP) to deliver the HS2 station, a Tax Increment Financing mechanism for local infrastructure upgrades, and development proceeds from government land holdings. The precise amounts that can be raised from these sources will depend on commercial negotiations, market appetite and development quantum.