Nottingham59
Established Member
I see the High Speed Rail Group has published their proposals for continuing HS2 phase 2a.
The High Speed Rail Group has made a submission to the HM Treasury Spending Review consultation that identifies and advocates for a cost efficient and deliverable path forward for HS2. The focus is on maximising HS2’s concession value at minimum viable scope and cost, which will maximise the project’s economic benefits within a constrained budget, accelerate delivery, and ensure a substantial financial return to the Treasury, while recognising current fiscal constraints. Our submission urges the Government to:
- Re-scope HS2 to a “Euston-Crewe core”. Delivering this would act as a key driver of the Government’s economic growth ambitions, while providing additional and urgently needed national transport capacity between London, the West Midlands and the North West.
As laid out in the submission, all of the strictly necessary HS2 infrastructure is now funded, with two exceptions that HSRG argue are of critical importance to HS2, and therefore should be funded at minimum cost without further delay:- ‘Un-freeze’ the planned connection from the West Midlands to Crewe; without which HS2 will not relieve pressure on the West Coast Main Line at its biggest pinch-point. This can be delivered at a much lower cost per mile than the original HS2 Phase 2a scheme.
- Fund and deliver a scaled-back, cost-effective Euston Station with a simple functional design that can be delivered ahead of the wider regeneration ambition for the area. HSRG is advocating for a 6 platform design, with the option for future expansion retained.
The necessary parliamentary powers are already in place to deliver these two projects, and HSRG firmly believes they can be delivered at a significantly lower cost. The Group estimates that costs could be reduced by 35%, unlocking potential savings of £3 – £4 billion compared to previous estimates.- Government should undertake a preliminary market assessment to explore financial payback options for HS2 infrastructure investment, taking learnings from the HS1 concession model.
HSRG estimates that a concession let for a London–Birmingham & Crewe railway line could generate between £7.5 billion and £10 billion, a significant return for taxpayers. However, without Euston station and the connection from the West Midlands to Crewe, the value of a HS2 concession to HM Treasury would likely be halved.- To make this work, HSRG is asking Government to extend the safeguarding and complete outstanding land acquisition for HS2 Phase 2a between the West Midlands and Crewe without delay.
- While HSRG acknowledges that broader ambitions should be set aside for now, the Government should nonetheless develop a long-term vision for the national rail network. ....
166. We ask HM Government to instruct HS2 Ltd to extend safeguarding/land acquisition
of HS2 Phase 2a without delay; and to instigate a rapid review of the scope for cost
saving identified here, including by shortening the route; and to agree a respecification of what’s needed to deliver a line towards Crewe from Fradley with a reduced top line-speed
167. We ask HM Treasury to provide the funding needed to complete the Euston HS2 6-
platform station, having extracted it from the wider development opportunity in the
area and ensured its design is simplified to a plain vanilla approach
168. We ask HM Treasury and the Department for Transport to undertake a preliminary
examination of market interest in whatever approach it wants to take to achieve a
financial payback from its major public investment in HS2 infrastructure, learning
whatever lessons are available from the earlier HS1 concession.