High Speed One

Stephen Hammond
To ask the Minister of State, Department for Transport when he expects the sale of High Speed One to be completed.

Chris Mole
The Government expect to substantially complete the financial and operational restructuring of High Speed 1 this summer. Thereafter, the Government’s intention is to secure best value in High Speed 1 through a public auction of a long-term concession.

The precise timing of this sale has not yet been decided and will depend on an assessment of market conditions.