2019 Report details for project: High Speed Rail Programme (HS2)

Project name: High Speed Rail Programme (HS2) - there are 7 reports for this project: 2013, 2014, 2015, 2016, 2017, 2018, 2019
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Organisation: DFT (D9) - see all reports for this organisation
Report year: 2019 (data is from Sept 2018)
Category: Infrastructure - see all reports for this category
Description: A new fully integrated high speed North-South railway.
DCA (RAG): Amber/Red
DCA text: The Amber/Red Assessment is noted by IPA and reflects the overall complexity of the programme. We are committed to delivering HS2. HS2 Ltd has an ambitious schedule of Phase 1 services commencing from 2026 which we are continuing to monitor. We are keeping a firm grip on costs and HS2 Ltd is working with its supply chain to ensure this remains. We will make public a Full Business Case including an affordability assessment at the point of Notice to Proceed in 2019.
Start date: 2011-02-28
End date: 2033-12-31
Schedule text: On Phase One (West Midlands to London), design and enabling works are ongoing. Major procurements have included: issuing an invitation-to-tender for rolling stock; Lendlease have been appointed as the Master Development Partner for Euston station, to work with HS2 Ltd, the London Borough of Camden and others to develop a Master Plan for the sustainable mixed-use development at the Euston station site; and HS2 Ltd has awarded design contracts for the four new high speed stations in Birmingham and London.
Baseline: £2,976.00m
Forecast: £3,009.00m
Variance: 1.00%
Variance text: Budget variance less than 5%
Whole Life Cost: £55,700.00m
WLCost text: In the 2015 Spending Review (SR15), Government restated the long-term funding envelope for the HS2 programme at £55.7bn in 2015 prices. This budget is for delivery of the full HS2 scheme including rolling stock. The SR15 settlement sets a year by year funding allocation for HS2 as a whole for a period of 5 years (2016/17 to 2020/21).
Sourcefile: None

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.