Frank Dobson – 2014 Parliamentary Question to the Department for Transport

The below Parliamentary question was asked by Frank Dobson on 2014-06-18.

To ask the Secretary of State for Transport, what form he expects the Chinese investment in High Speed 2 to take.

Mr Robert Goodwill

The 2013 Spending Review provided a long-term funding commitment of £50bn to deliver HS2. We are continuously seeking ways to reduce costs to the taxpayer, and we are very open to proposals around including elements of private financing, including Chinese investment.

Opportunities for external investment might exist in relation to rolling stock and development and regeneration around stations. This could provide benefits to both taxpayers and investors.