To ask the Secretary of State for Transport, how much funding from the public purse has been allocated to High Speed Two to date; and what the total cost of that project is estimated to be by 2021.
23 January 2020
£7.4bn (excl. construction VAT) has been spent on delivering the HS2 project up to 31 March 2019. Expenditure in relation to the 2020/21 financial year, will be released as part of HS2 Ltd’s and the Department’s annual accounts publication. These are subject to audit processes to ensure accuracy. The Oakervee Review has been tasked with rigorously examining HS2 Ltd’s costs and schedule. The Review findings and Government’s assessment of the likely costs of High Speed 2 will be published shortly.