Corporate report

High speed rail expenditure report 2015 to 2016

Report on HS2 expenditure between April 2015 and March 2016, in compliance with the High Speed Rail (Preparation) Act 2013.

Documents

High Speed Rail (Preparation) Act 2013 expenditure report April 2015 to March 2016 (web version)

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High Speed Rail (Preparation) Act 2013 expenditure report April 2015 to March 2016 (print version)

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Detail

The High Speed Rail (Preparation) Act 2013 received Royal Assent on 21 November 2013. It authorises the Secretary of State for Transport, with HM Treasury approval, to incur expenditure in preparation for a high speed railway transport network (HS2). Section 2(1) of the act requires the Secretary of State to lay a report on expenditure for each financial year before parliament.

The report meets the requirements of the act, providing information on:

  • expenditure incurred by cost category during the financial year to which the report relates, with C-DEL and R-DEL expenditure specified separately
  • the extent to which expenditure during this period represents overspend or underspend by each cost category
  • the likely effect of any such overspend or underspend on the total budget of £55.7 billion (2015 prices)
  • an account of vocational qualifications gained during this period by individuals employed by HS2 Ltd