Source · Select Committees · Public Accounts Committee
10th Report - HS2: Update following the Northern leg cancellation
Public Accounts Committee
HC 357
Published 28 February 2025
Conclusions (4)
31
Conclusion
Acknowledged
In the October 2023 announcement, the government at the time set out that the HS2 station itself would be planned to be smaller, reflecting the lower number of train services expected to operate following the cancellation of Phase 2. However, the scope of the Euston programme would now be larger, …
Government Response Summary
The government agrees with the committee’s observation and will provide an update on progress concerning the Euston programme in its next six-monthly report to Parliament, expected in Summer 2025.
32
Conclusion
Acknowledged
The Department told us that the new approach to Euston is now a holistic one, seeking to build consensus between stakeholders and as a unified delivery rather than the ineffective attempts of the past to try to solve each part separately and hope that they fit together.55 The Department expects …
Government Response Summary
The government agrees with the conclusion and will provide an update on progress on Euston in its next six-monthly report to Parliament, expected in Summer 2025.
34
Conclusion
Acknowledged
The Department also pointed to the need to get the financial incentives right in the new delivery company, including what the shareholding and financial participation would be between the different bodies, so that people consider the collective interest, not just their own interests. The Department reasoned that having that in …
Government Response Summary
The government agrees with the conclusion and will provide an update on progress on Euston, which implicitly covers aspects of the new delivery company, in its next six-monthly report to Parliament in Summer 2025.
35
Conclusion
Acknowledged
We also challenged the Department on the likelihood of obtaining the more than £6 billion that the station at Euston is estimated to cost from the private sector. The Department suggested that the funding for Euston would likely be a mix of four components: private financing of the HS2 station; …
Government Response Summary
The government agrees with the conclusion and will provide an update on progress on Euston, including potentially on funding, in its next six-monthly report to Parliament in Summer 2025.