HS2 has published its three-year corporate plan detailing upcoming timescales, projected spend and performance to date.
Over the next three years HS2 has outlined that it is to spend a total of £12.1bn.
From 2018 to 2019 it has established a projected spend of £3.1bn and a workforce budget of £168M as operations ramp up with the start of the main civils works construction and the prequalification questionnaires for Birmingham Curzon Street station, due to be published in November.
Spending continues to rise in the following year from 2019 to 2020 with a projected spend of £4.2bn as it starts construction of Euston station in May 2019, the Chilterns tunnel in August 2019 and Old Oak Common station in September 2019.
In the final year from 2020 to 2021, spending will rise to £4.8bn with the start of the phase 2a enabling works and construction of both Birmingham Interchange and Curzon Street stations.
It also revealed that in 2017 to 2018 it had spent a total of £1.8bn with a workforce budget of £151M.
The document also confirms the date for the completion of stage 1 of the design stage of the main civil works has been pushed back as reported in New Civil Engineer. The report states the new date for the award of the notice to proceed is March, four months after the original deadline of November.
The full business case for phase 1 is due to be published in February 2019.
In its self-appraisal of performance from 2017 to 2018 the report details 13 key indicators against all of which it said it was on track for, including the two for projected programme costs and budget management.
On the projected programme costs it said that the forecast estimate at completion (EAC) remains within the overall spending review funding envelope”.
It added it had made “real progress” in preparing the way for all phases including having appointed the mainworks civil contractors in July, taking a “significant” step forward in securing permissions to build phase 2a, and the launch of consultations on phase 2b.
HS2 timeline 2017 to 2019 taken from HS2 Corporate Plan 2018 – 2021
HS2 timeline 2019 to 2021, taken from HS2 Corporate Plan 2018 – 2021
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