Following our evidence session, HS2 Ltd wrote to us and set out the high-level schedule and associated budgets (including contingency) for Phase 1 activities discussed at the session. These are set out in the table below: Phase 1 activity Budget (including Estimated duration of contingency) (£ billion) activity Civil engineering 15.5 2020–2026 Stations (excluding Euston) 2.7 2021–2028 Euston station 2.6 TBC Systems 3.6 2025 – 2028 Commissioning11 2028 – 2030 The remaining Phase 1 budget is allocated to, or has been spent on, for example the purchase of land and property, enabling works and the purchase of rolling stock.