In a recent written question, Baroness Kramer confirmed that spending on HS2 to date was £913 million. While this sounds – and is – a lot of money, it is dwarfed by the amount yet to spend. The Department for Transport’s estimate of HS2 costs is £50,000 million (including HS2 trains) in 2011 prices. Allowing for inflation, the actual amount spent will be much higher.
Q Asked by Lord Truscott 05 February 2015
Department for Transport
High Speed 2 Railway Line
To ask Her Majesty’s Government how much they have spent on HS2 and all its associated works to date.
A Answered by: Baroness Kramer on 12 February 2015
The actual spend to the end of January 2015 is £913m. This includes HS2 Ltd resource and capital and High Speed Rail Group (DfT (c)) capital expenditure: