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Looking at ways to pay

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Speaking at Transport Times’ Infrastructure Summit, HS2 Ltd chief executive Mark Thurston said the client would be looking at ways to pay for the high speed line north of Birmingham in the coming months, and that a private funding model could be an option.

'HS2 eyes private funding for £21bn phase two', CN, 29 May 2018

The UK private finance initiative debt mountain

[‘HS2 eyes private funding for £21bn phase two’, CN, 29 May, 2018, By Jack Simpson]

[…] Mr Thurston said: “The thing we can do through phase one is get a much better understanding of what it actually costs and what the demand will be, so we can start building that into the model for phase two; it’s very much a question mark for us, it’s a good challenge.”

Mr Thurston dismissed claims that the conventionally-funded phase one of the project alone could cost up to £51.25 billion.

[CN, 29 May]

He said: “We are confident that we will build it within that [£24.3 billion] budget, we wouldn’t say anything else in a public forum”.

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Written by beleben

May 31, 2018 at 11:49 am

Posted in HS2

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