Phone Us

Green Light from MPs to Start Construction of HS2 Railway

A major step forward for the government’s £56 billion new high-speed rail network to improve transport links between London and the West Midlands as MPs approve the advancement of its first stage.

A major step forward for the government’s £56 billion new high-speed rail network to improve transport links between London and the West Midlands as MPs approve the advancement of its first stage.

On March 23rd, 399 Members of Parliament voted in favour of the HS2 bill, agreeing to start construction and operation of HS2’s Phase One, which will see transport links between Birmingham and London improved.


Having moved forward in the legislative process, the next step for the HS2 bill to achieve Royal Assent is to be approved by the House of Lords - if approved, Phase One of the High Speed 2 rail will commence next year.


Other significant steps for the £56 billion project include the shortlisting of companies bidding to earn a civil engineering contract to build the HS2, contributing to the creation of up to 14,600 jobs; and the procurement of nearly 2 million trees for the advanced planting surrounding HS2 future rail paths.


Moreover, if HS2 receives the greenlight from the House of Lords, it is likely that it will have an impact on the property market, particularly in areas that will serve as transport hubs for the new high-speed railway – such as Birmingham, Leeds and Manchester.


With soaring house prices in London, first-time buyers are becoming increasingly encouraged to look in areas with easy access to the City and an affordable commute, according to the Independent.


Indeed, if operational the HS2 will run at a speed of 250mph, which is faster than any other operating speed in Europe, and will halve the 2-hour commute between London and Manchester and shorten the 1.21 hour commute from Birmingham to London to just 49 minutes - potentially attracting Londoners looking to own a home with easy access to the City.

X
Cookies on our website:
This website uses cookies.
I'm OK with this Cookie Settings ?