Wednesday 25th March 2015

HS2 represents critical infrastructure for London and must go ahead

Commenting on today's publication of a report by the House of Lords Economic Affairs Select Committee on HS2, Colin Stanbridge, Chief Executive of London Chamber of Commerce and Industry (LCCI) said: "We have long supported HS2 as a key part of the solution to the capacity problems on vital routes into London. However, the reported rising costs of the project will make it unsustainable unless Government moves to maximise the potential benefits to the economy.

"The area around Euston station is ripe for redevelopment and a wholesale regeneration of the station and the area as part of HS2's construction will bring untold additional benefits to the area. HS2 will bring much needed extra capacity and connectivity to the UK and the rebuilding of Euston station will only enhance this, bringing growth and redevelopment to the area, much as the redevelopment of Kings Cross has done.

"With HS2, we have a great opportunity to develop a truly 'integrated transport' system - something that has eluded Ministers for decades. By ensuring direct linkage between train and plane the UK can optimise its strategic transport infrastructure and reap enhanced economic benefits."

ENDS

Media contact
Jo Hooper, Press & Media Relations Manager
T: +44 (0)20 7203 1897
M: +44 (0)7827 241528
E: jhooper@londonchamber.co.uk

NOTES TO EDITOR:

1. London Chamber of Commerce and Industry (LCCI) is the capital's largest and most representative business organisation, with members ranging in size from multi-national companies to SMEs and sole traders.
2. Colin Stanbridge is available for further comment and interview.