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Work on HS2 Set to Commence This Spring

The parliamentary bill to begin the construction of the planned High Speed Rail 2 (HS2) has now received royal assent, allowing the £55.7bn scheme to commence.

High Speed Rail 2 Investment

The parliamentary bill to begin the construction of the planned High Speed Rail 2 (HS2) has now received royal assent, allowing the £55.7bn scheme to commence.

Work is set to begin this spring on phase one of the scheme, which will create a link between the Midlands hub of the new rail line in Birmingham and London's Euston station.


The new rail link will cut the travel time between the two cities from 1.21 hours to just 49 minutes and is set to vastly increase the rush hour capacity from 11,000 to nearly 30,000 travellers.


The first phase is expected to open in December 2026, with the second phase - which is set to connect the Birmingham Curzon Street hub with Manchester and Leeds - projected to be completed by 2033.


Speaking to the BBC, Henrietta Brealey from the Greater Birmingham Chamber of Commerce said that there are plans to also ’improve the public service in areas outside of Birmingham into Birmingham [city centre], to really make the most of it’.


She also mentioned that they are working closely with local stakeholders to ensure the city maximises the opportunities provided by the new line, to unlock further regeneration in the region.


The scheme is estimated to provide an estimated £15bn to the economy each year and, when completed, support hundreds of new job openings.


Commenting on the royal assent, David Higgins, Chairman of HS2, said:


‘This journey will see businesses right along the route benefit from greater access to the skills, markets and professional services they need to succeed in today’s global market. It will directly create some 25,000 jobs as well as forcing the pace of innovation in the construction industry.’


Property investment platform Landbay, announced in the end of last year that the scheme has already boosted rental growth in areas around the proposed route – with Birmingham seeing rents increase on an average of 22.4% since 2012.

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