How much does High Speed 2 cost?
High Speed 2 (HS2) is the high-speed railway under construction between London Euston, Old Oak Common, Birmingham and, in its cancelled northern legs, Manchester and Leeds, with main construction begun on 4 September 2020 and Phase 1 reset under HS2 Ltd chief executive Mark Wild. PBC Today reported on 19 May 2026 that the Transport Secretary said the expected cost of completing HS2 was now between 87.7 and 102.7 billion pounds in 2025 prices, with trains between Old Oak Common and Birmingham Curzon Street not running before a date between May 2036 and October 2039.
Published project estimate
£102.7 billion
Approximately $135.23 billion
Cost basis: 2026
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Cost evidence
Basis of the published figure
Published project estimate2026
Project record