Today, according to recent estimates, that figure has been dwarfed despite the eastern leg of HS2 to Leeds having been ditched. According to recent estimates, adjusted for 2022 inflation figures, the cost of HS2 now stands at as much as £92 billion.
How close is HS2 to completion?
The Government announces phase one of HS2, between Old Oak Common and Birmingham, is due to open around 2030 and the link to Euston is due to open between 2031 and 2035.
How much has HS2 cost so far 2023?
about £100bnGiven the official commitment to a spur to the east Midlands, and general inflation since 2019, a current estimated cost of about £100bn at 2023 prices seems reasonable. And that's before you buy trains. Others believe it could be much higher.
What is the timeline for HS2?
June 2023 In its six-monthly HS2 update, the government says services between Birmingham Curzon Street and Old Oak Common should begin between 2029 and 2033, with services to Manchester at some point between 2035 and 2041. July 2023 HS2 is described as “unachievable” by the government's infrastructure watchdog.
How much time saved by HS2?
How much time will HS2 save to Birmingham?
How much time will HS2 save?
| Route | Current time | Journey made by HS2 |
|---|---|---|
| London to Birmingham | 1hr 21 | 45 minutes |
| London to Manchester (Cancelled) | 2hr 6 | 1hr 55 |
| London to Leeds (Cancelled) | 2hr 13 | 1hr 21 |
| Birmingham to Manchester (Cancelled) | 1hr 26 | 41 minutes |
How much time will HS2 save London to Birmingham?
How much time will HS2 save?
| Route | Current time | Journey made by HS2 |
|---|---|---|
| London to Birmingham | 1hr 21 | 45 minutes |
| London to Manchester (Cancelled) | 2hr 6 | 1hr 55 |
| London to Leeds (Cancelled) | 2hr 13 | 1hr 21 |
| Birmingham to Manchester (Cancelled) | 1hr 26 | 41 minutes |
Will HS2 help the economy?
The HS2 rail line will provide significant extra capacity for passengers and freight within the UK and to continental Europe, along with other significant predicted national and local economic benefits that will come from sharing some of the South East's wealth.
Why was HS2 stopped?
Project mismanagement, said Sunak, along with construction issues, rising costs have led to the delays. In his speech on Wednesday, he announced the Manchester leg of HS2 would be scrapped as the project has been draining the economy.