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HS2 Six-Monthly Report to Parliament: March 2022

16 March 2022

Proposing MP
Andrew Stephenson Con
Pendle
Type
Written Ministerial Statement
Department
Department for Transport
View on Parliament.uk -->

At a Glance

Issue Summary

This statement provides an update on the High Speed Two (HS2) project, including progress updates and budget details.

Action Requested

The minister is providing a comprehensive update on HS2's progress, budget, and future plans. The report outlines key achievements, cost management, community engagement initiatives, and future milestones for phases one, two-a, and two-b of the project.

Key Facts

  • This is Andrew Stephenson's fourth update to Parliament on High Speed Two (HS2).
  • HS2 remains within budget with a total Phase One budget of £44.6bn.
  • The target cost for Phase One is £40.3bn, and an additional Government-retained contingency of £4.3bn is available.
  • £14.9bn has been spent on Phase One to date, out of the £40.3bn target cost.
  • HS2 Ltd’s delegated contingency remaining is £4.3bn after drawing £1.3bn.
  • Potential future cost pressures reported by HS2 Ltd amount to £1.7bn.
  • Savings and efficiencies identified against HS2 Ltd’s budget total over £800m.
  • The Department has set a schedule range of 2035 to 2041 for the opening of Phase 2b Western Leg (Crewe to Manchester).
  • The Integrated Rail Plan (IRP) proposes a £96bn strategy for rail construction and upgrades in the North and Midlands over 30 years.
  • HS2 Ltd’s Community and Environment Fund and Business and Local Economy Fund have supported 192 projects through £11.1m of grant funding.
  • The five-year compulsory purchase powers on Phase One ended on 23 February 2022.
  • The cost range for the Crewe-Manchester scheme is estimated at £15bn to £22bn.
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