HS2 rolling stock set for public funding

20 April 2017 The tender for the HS2 rolling stock contract has been launched by HS2 Limited, but there are no plans for private financing to be part of the initial procurement.

Transport Secretary Chris Grayling has triggered the procurement process for the £2.75bn contract to design, build and maintain the new trains.

In January, a periodic indicative notice suggested that the procurement would include the potential use of private finance to support it.

However, a spokesperson for HS2 confirmed that the intention is for the project to be publicly funded – although the agency will retain the right to introduce private financing at a later date if desired.

Meanwhile, the Department for Transport has appointed Bernadette Kelly, who has worked across a number of departments including most recently in transport, as the ministry’s new permanent secretary.

 

This page was last updated on:
21 November 2017.

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