HS2 Project: UK High-Speed Rail Costs, Timeline & Future

Here’s an excerpt tailored for railway professionals:

“HS2’s Phase One is forecasted to cost between £45-54 billion. With the overall budget under review, understand the project’s evolving financial landscape.”

HS2 Project: UK High-Speed Rail Costs, Timeline & Future
February 6, 2017 4:47 am
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Introduction

In December 2023, the Department for Transport announced that the first phase of the HS2 project is forecast to cost between £45 billion and £54 billion (2019 prices), excluding the eastern leg to Leeds. This information was included in a written statement to Parliament.

HS2 Project Costs

The Department for Transport stated in December 2023 that the HS2 project’s first phase’s forecast cost lies between £45 billion and £54 billion (2019 prices), excluding the eastern leg to Leeds. This excludes the £7 billion already spent. The document also noted that the overall budget for HS2, which includes the Euston station and other elements, is under review.

HS2 Trains

The HS2 trains will be built in the UK and will be electric. They are designed to run on both the HS2 high-speed line and the existing rail network. The initial order includes a fleet of 54 trains. The trains will be able to carry up to 1,000 passengers.

Project Timeline and Scope

HS2 is a high-speed railway project currently under construction in the United Kingdom. Phase One of the project is between London and the West Midlands. Phase 2a will extend the line to Crewe, and Phase 2b will extend to Manchester. The project has faced several delays and cost increases since its inception.

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Conclusion

The Department for Transport has provided an update on the HS2 project’s financial status and progress, including the costs and the timeline. The project’s future is still under evaluation.

Company Summary

HS2: HS2 is the high-speed railway project currently under construction in the United Kingdom.

Department for Transport: The Department for Transport is a government department responsible for the English transport network and a number of other transport matters in the UK.

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