The total cost of building Nottingham Express Transit (NET) Line 1 was £200 million.
Up to the end of the 2006-07 financial year approximately £10 million has been spent on developing NET Phase Two. The approved scheme cost for Phase Two is £482 million (2005 present value prices).
It is possible that approximately 80 properties may be demolished by the NET Phase Two proposals, although this remains subject to detailed design. Overall land costs, which would include these properties, is estimated at approximately £37 million. The promoters of the system have stated that detailed property values are commercially sensitive at present.