Government Commits to HS2 Tunneling to Euston Station
Chancellor Rachel Reeves announces funding to extend HS2 to central London, aiming to boost private investment and local growth.
- The UK government has confirmed funding for tunneling work to extend the HS2 high-speed rail line to London Euston station.
- The project aims to catalyze private investment in the Euston area, supporting economic growth and job creation.
- Chancellor Rachel Reeves' announcement follows previous uncertainty over funding, with former plans relying heavily on private sector contributions.
- The tunneling will involve a 4.5-mile stretch from Old Oak Common to Euston, with work set to start in 2026, subject to change.
- The cost of the Euston HS2 station has escalated to nearly £5 billion, with ongoing discussions about how to finance further development.