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Oct 1, 2017
Category: Press Releases

Long term debt on HS2 estimated at £39.9bn by 2093, in addition to the initial £55.7bn funding


£39.8bn is the current estimate of the net costs to government. This figure is the current estimate of capital and operating costs, less the revenue estimated HS2 will generate. This figure covers the construction of the railway and its operation up to 2093. It should be noted that this figure is distinct from the HS2 funding envelope of £55.7bn set as part of the 2015 Spending Review.

 

The full reply to our enquiry is set out below:

Thank you for your email to HS2 Ltd.

In July 2017 HS2 published our most recent estimates of the costs and benefits of the HS2 scheme following the Secretary of State’s decisions on the proposed route for Phase 2b. This information can be found in the Economic case advice for the Department for Transport which can be accessed via the following link: https://www.gov.uk/ government/uploads/system/ uploads/attachment_data/file/ 628526/CS866_A_HS2_Phase_2a_ Economic_case.pdf

The £39.8bn figure you have highlighted is the current estimate of the net costs to government. This figure is the current estimate of capital and operating costs, less the revenue we estimate HS2 will generate once the scheme is operational. This figure is for the Full HS2 Network and covers the construction of the railway and its operation up to 2093 (60 years after the opening of Phase 2b in 2033). This figure is in 2015 prices and is discounted to present values in line with all government appraisals.

It should be noted that this figure is distinct from the HS2 funding envelope of £55.7bn set as part of the 2015 Spending Review.  At the 2015 Spending Review (SR15), the Government restated the long-term funding envelope for delivery of the full HS2 scheme of £55.7 billion (Quarter 1 2015 prices). The £55.7 billion represents the upfront capital investment required for the construction of the network, including rolling stock.  This figure is in 2015 prices but is not discounted to present values.

HM Treasury are responsible for decisions as to how HS2 will be funded as part of overall public spending commitments, for further information please contract them directly.

 

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Jan 19, 2017
Category: Press Releases

Lack of planning by HS2 ltd meant that people were turned away from HS2 event

At least 1,075 people streamed into the Appleby Park Best Weston Hotel yesterday to see what information they could glean from HS2 Ltd over the proposed new ‘East’ route for the High Speed Train around the Measham area.

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Jan 5, 2017
Category: Press Releases

Packed meeting launches MAPA HS2 Action

Initially, 110 people crowded into a room meant for 50 to set about the daunting task of how to object to the new ‘East’ HS2 route around Appleby Magna and Measham, which, it has now been suggested, is the best local route for the High Speed HS2. Many people from these two villages were there, including the Chairpersons of the two Parish Councils. Also present were the Chairpersons of Austrey and Packington Parish Councils, since this new proposed route will have a greater impact on these two villages than the route previously suggested.

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Dec 10, 2016
Category: Press Releases

Nursery fields – a ghost estate according to HS2

When people living on the new Nursery Fields housing development off Atherstone Road in Measham first heard rumours that the HS2 line was to be re-routed to run just past their new housing estate, they were flabbergasted. They became even angrier when they were finally able to phone the HS2 help line, only to be told that the house they were phoning from did not exist.

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Dec 6, 2016
Category: Press Releases

Opposition to the revised HS2 route around Measham is growing

Organisers of the public meeting to discuss the new revised route for HS2 have been busy distributing 2,000 leaflets advertising the meeting in the villages along the revised route: Austrey, Appleby Magna, Measham and Packington. The meeting will take place in St Laurence Church Hall, Measham on Tuesday 13th December 2016 at 7.30, which has been called to discuss whether a group which wants to object to the new ‘Eastern’ route should be formed.

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Nov 28, 2016
Category: Press Releases

Public meeting to discuss how to respond to the revised HS2b route in the Measham area

A public meeting has been organised to discuss how to respond to the recent revisions made to the proposed high speed train route HS2b in the Measham area of Leicestershire.

The meeting is to be held from 7.30 on Tuesday the 13th December in St Laurence’s Church Hall, High Street, Measham. 

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