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1666441

registered interest
date	23/10/2023
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	High Speed 2 Line: Cost Effectiveness
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what guidance they provide concerning the criteria for approval of major infrastructure projects, in particular on the economic benefit to cost ratio; what advice they received from the consultancy OXERA concerning the projected benefit cost ration for HS2; what action they took in response to that advice; and what changes they required HS2 Ltd to make in order to improve this benefit to cost ratio.
tabling member printed	Lord Berkeley
uin	HL10715
answer	answer is ministerial correction date of answer 26/10/2023 answer text <p>All major infrastructure projects are required to follow the HMT five-case model as outlined in the business case guidance for projects and programmes. The Department for Transport uses a Value for Money Framework to inform its investment decisions.</p><p> </p><p>The Oakervee Review of HS2 commissioned Oxera to carry out sensitivity analysis on the business case for HS2. The outcome of the Oxera analysis is set out in the published Oakervee Review.</p> answering member printed Baroness Vere of Norbiton question first answered 26/10/2023 10:42:49 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	3526 label Biography information for Lord Berkeley

1667069

registered interest
date	19/10/2023
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	High Speed 2 Line: Cost Effectiveness
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Transport, what assessment he has made of the impact of the cancellation of the second phase of HS2 on the value for money of the project.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	906745
answer	answer is ministerial correction date of answer 26/10/2023 answer text <p>The economic assessment of the decision to proceed with building HS2 between Euston and Birmingham Curzon Street was set out in the Accounting Officer Assessment published by the Department on 5 October 2023. Every penny of the £36bn of savings from cancelling future phases of HS2 will be invested in transport project across the country, including considerable investment in the North East.</p> answering member constituency Bexhill and Battle answering member printed Huw Merriman question first answered 26/10/2023 11:00:38 answering member 4442 label Biography information for Huw Merriman
tabling member	4124 label Biography information for Chi Onwurah

1543289

registered interest
date	17/11/2022
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	High Speed 2 Line: Cost Effectiveness
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Transport, with reference to the Second Report of the Transport Committee entitled The Integrated Rail Plan for the North and Midlands, published on 27 July 2022, if he will publish an updated benefit-cost ratio for the (a) full HS2 project and (b) proposals for the Eastern leg of HS2 Phase 2b by March 2023; and if he will take steps to ensure that HS2 benefit-cost ratios take into account impacts on regional inequalities.
tabling member constituency	Sheffield, Heeley
tabling member printed	Louise Haigh
uin	89864
answer	answer is ministerial correction date of answer 22/11/2022 answer text <p>The latest assessment of the BCR for Phases One, 2a and 2b (Crewe to Manchester) of the HS2 network was published in June 2022. This assessment concluded that the scheme delivers positive value for money to the taxpayer with a BCR above 1.</p><p>The Government intends to provide a full response to the Transport Select Committee’s report by March 2023 and to continue providing updated economic assessments of HS2 at key decision points for the programme, as it has done to date.</p> answering member constituency Bexhill and Battle answering member printed Huw Merriman question first answered 22/11/2022 11:41:57 answering member 4442 label Biography information for Huw Merriman
tabling member	4473 label Biography information for Louise Haigh