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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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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.

 

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Jul 25, 2017
Category: Press Releases

HS2 route changes back, MAPA wins the argument that the eastern route is unacceptable

Having carefully considered all the points made by respondents, the Secretary of State has decided to not adopt the change proposed in November 2016.

[More]

Mar 14, 2017
Category: Press Releases

Will Mapa’s Submission Stop HS2 in its Tracks

MAPA HS2 Action Group has submitted its extensive case detailing why the Secretary of State for Transport should reject the proposed re- routing of HS2 around the East of Measham and Appleby Magna.

Their 24 page document highlights the following reasons why this this route has a greater effect on the communities and the environment, than the previously proposed route. 

[More]

Feb 19, 2017
Category: Press Releases

766 jobs at risk from HS2

At least 766 jobs are at risk claim MAPA HS2 Action, if the eastern ‘Measham Loop’, route is chosen by HS2

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Jan 30, 2017
Category: Press Releases

MAPA’s voice on concerns about HS2 is being listened to by local politicians

MAPA HS2 Action is getting its arguments across and building support to oppose the HS2 proposed ‘Measham Re-Route’.  This proposal has a negative impact on jobs, houses, community facilities and the environment from Austrey to Packington.

[More]