To ask the Secretary of State for Transport, what recent estimate he has made of the total cost to the public purse of the HS2 Euston development, including core civil engineering and tunnelling.
Answered on
13 May 2024
The Government remains committed to delivering a privately financed HS2 Euston station as part of a transformed ‘Euston Quarter’ outlined in the Network North paper. The Department continues to define and develop a range of development models and financing mechanisms to best meet the objectives of the ‘Euston Quarter’, ensuring that funding is underpinned by contributions from those people and businesses this development supports. This includes consideration of options for using alternative funding to cover the section of HS2 from Old Oak Common to Euston. In the interim, certain activities and works to enable and realise the new Euston Quarter are being progressed with the support of some public funding, but with the intention of that funding being recouped later from private sources.