34
Acknowledged
Department stresses need for correct financial incentives in new Euston delivery company.
Conclusion
The Department also pointed to the need to get the financial incentives right in the new delivery company, including what the shareholding and financial participation would be between the different bodies, so that people consider the collective interest, not just their own interests. The Department reasoned that having that in one delivery body, rather than dispersed across four entities, provides a better chance of producing coherent solutions and effective and efficient delivery.59
Government Response Summary
The government agrees with the conclusion and will provide an update on progress on Euston, which implicitly covers aspects of the new delivery company, in its next six-monthly report to Parliament in Summer 2025.
Government Response
Acknowledged
Government Response
Acknowledged
HM Government
Acknowledged
6.1 The government agrees with the Committee’s recommendation. Target implementation date: Summer 2025 6.2 The department’s next six-monthly update to Parliament is expected to be published in Summer 2025 and will include an update on progress on Euston. 6.3 The department is also responding to the Committee’s letter of 6 March 2025 requesting an on the HS2 Euston tunnelling schedule.
Source
Committee
Public Accounts Committee
Report
10th Report - HS2: Update following the Northern leg cancellation
28 Feb 2025
HC 357
Addressee Bodies
HM Treasury
Timeline
Recommendation age
1.3 yr
Report published
28 Feb 2025