Question to the Department for Transport:
To ask His Majesty's Government what plans they have to put out to full tender the development of the HS2 Euston station, approach tracks and tunnel to Old Oak Common.
The exact design of the model to be used, how it is taken to market, as well as how and where the alternative funding generated by this will be spent, is commercially sensitive and still subject to further work to ensure we are optimising funding and delivery.
There will be a range of options within this that are still being considered and will require more time to develop before a final proposal is determined. Creating an alternative financing model that delivers value for money for the taxpayer will take time to develop.
The Government’s ambition remains to make best use of funding from alternative sources to enable delivery of the whole project and to ensure that funding is underpinned by contributions from those people and businesses this development supports. Options for using this alternative funding to cover the costs of the tunnel between Old Oak Common and Euston are also being considered.