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<\/a><\/div>\n<\/div>\nThat includes \u00a326.4bn on civils, \u00a33.6bn on land, \u00a32.3bn on stations and \u00a32bn on systems.<\/p>\n
A further \u00a32.6bn has been spent on the cancelled legs north of Birmingham, bringing total cost so far to \u00a340.5bn.<\/p>\n
She confirmed 70% of the 32 miles of tunnels between London and Birmingham have now been bored.<\/p>\n
But much more has still to be delivered. Major civil works are underway on 44 viaducts, 126 bridges, 75 embankments and 60 cuttings, while tunnelling machines are now being assembled at Old Oak Common ahead of the final tunnelling push to Euston, due to start next Spring.<\/p>\n
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<\/a><\/div>\n<\/div>\nShe added HS2 had been plagued by delays, inflated costs, poor governance and weak supply chain performance.<\/p>\n
New CEO Mark Wild will set out his full reset plan to get the scheme back under control next Spring.<\/p>\n
“To validate this new estimate, there is also work underway to verify the civils work delivered to date and its cost.<\/p>\n
“This will allow the programme to validate true delivery costs against the original estimates. This information, combined with continued investment in collating benchmarking data from international comparators, will give us a more reliable \u2018should cost\u2019 model for the remainder of the programme,” she told Parliament.<\/p>\n
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<\/a><\/div>\n<\/div>\nA new \u00a325.3bn spending package has been agreed to keep work going between 2026 and 2030.<\/p>\n
HS2 Spending Breakdown (to April 2025)<\/b><\/th>\n<\/tr>\n| Phase<\/th>\n | Category<\/th>\n | Spend to Date (\u00a3bn)<\/th>\n | 2025-26 Budget (\u00a3bn)<\/th>\n<\/tr>\n<\/thead>\n | Phase 1 (London to Birmingham)<\/td>\n | Civils<\/td>\n | 26.4<\/td>\n | 5.4<\/td>\n<\/tr>\n | Stations<\/td>\n | 2.3<\/td>\n | 0.6<\/td>\n<\/tr>\n | Systems<\/td>\n | 2.0<\/td>\n | 0.3<\/td>\n<\/tr>\n | Indirects<\/td>\n | 3.5<\/td>\n | 0.4<\/td>\n<\/tr>\n | Land & property<\/td>\n | 3.6<\/td>\n | 0.3<\/td>\n<\/tr>\n | Former Phase 2<\/td>\n | 2.6<\/td>\n | 0.1<\/td>\n<\/tr>\n | Total<\/b><\/td>\n | 40.5<\/b><\/td>\n | 7.2<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n | The government has rebooted plans to build the HS2 station at Euston with a new delivery company and a push to tap private finance to finally get the long-delayed London terminus moving.<\/p>\n \n \n A new Euston Delivery Company will take over the project from HS2 Ltd and oversee development of the entire station campus, including the high-speed platforms, a rebuilt Network Rail station and upgraded Tube links.<\/p>\n The government said design work at Euston would restart later this year.<\/p>\n Ministers confirmed they are exploring a funding package that includes private capital, land sale receipts, and possible local contributions such as tax increment financing. Specialist advisers have been appointed to structure the deal.<\/p>\n \n |
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