Recommendation 6

The Department’s plans for Euston carry huge risks given the uncertainties about its scope, cost, funding, schedule and delivery model. In the 2024 Autumn budget, the government confirmed that HS2 would terminate at London Euston rather than Old Oak Common in West London, but the scope of the work needed at Euston is unclear. The task at Euston is significant as there is not only the construction of the HS2 station and potential allowance for future expansion, but also redevelopment of the existing Network Rail station, the underground station and the surrounding area, all within an extremely tight space. The Department has not yet decided on the final delivery model for work at Euston and how this connects with possible commercial development. Its current ambition is also for the approximately £6 billion cost at Euston to be funded through significant contributions from the private sector. However, there is not yet a clear plan for this and we are sceptical that the private sector will provide this level of contribution. In the meantime, local businesses, residents and passengers will continue to face significant disruption at Euston for many years to come. recommendation The Department should include in the six–monthly update to Parliament an update on its progress on Euston, including progress in establishing a delivery model and private financing for the works; how it is managing risks; and latest figures for both the spend to date and total cost estimate.