DfT to invest £2.75bn in HS2 rail investment

The Department for Transport has announced it is on the hunt for a company to design, build and maintain a fleet of high speed trains for Britain’s HS2 network, a move which is set to cost £2.75 billion.

Companies have been invited to bid for the contract, to construct up to 60 high specification trains to transport passengers at around 225mph.

The DfT maintained that hundreds of jobs would be created by the investment, along with boosting Britain’s skills and expertise in this sector.

Transport Secretary Chris Grayling commented: “Launching the hunt for a manufacturer of these trains is a major step towards Britain getting a new railway which will carry over 300,000 people a day, improve connections between our great cities, generate jobs, and helping us build an economy that works for all.

“Hundreds of jobs will be created in building and maintaining these trains, representing a great opportunity for British based businesses and suppliers.

“In total 25,000 jobs and 2,000 apprenticeships will be created during HS2 construction and we have held discussions with UK suppliers to make sure they are in the best possible position to win contracts.”