With the leave of the House, I will make a few remarks in response to the debate.
The fundamental point of the debate is to allow petitions to be submitted to the hybrid Bill Committee, so, while many of the points are perfectly reasonable ones to make, they should be directed to the Committee for it
to consider and then, if necessary, make recommendations on. That said, the hon. Member for Nottingham South (Lilian Greenwood) made some points I need to address, particularly about how Euston station can be developed. We are all in awe of the development of King’s Cross and St Pancras stations and the regeneration of the surrounding area. People used to go to King’s Cross for all the wrong reasons; now they go for the right reasons. It is a great place to be.
We need such regeneration around Euston, although I recognise the points about there not being quite so much spare land around there. It is important that we work with Network Rail and Transport for London to co-ordinate the approach. Our Euston proposal is fully compatible with the redevelopment of the remaining Network Rail station and has been developed with Network Rail and TFL. The improvements to the underground station at Euston will be transformational. When the new Victoria development opens, we will get a taste of how a new state-of-the-art underground station can help commuters and particularly of how the tidal flows of people need not in conflict in the way they often are in other areas. On project delivery, Sir Peter Hendy and his team are looking at how Network Rail can work more effectively.
The hon. Lady mentioned excavated material being removed by rail. Extended construction at Euston station will allow more excavated material to be removed by rail, as there is capacity to do so. We will work to maximise what can be taken out by rail. The fewer trucks the better for noise and congestion and for the safety of pedestrians and cyclists. I am a London cyclist myself. We know that, sadly, heavy construction vehicles are often involved in accidents. Despite the prowess and training of drivers and the modification of vehicles, accidents still occasionally happen. I can also confirm that there are no changes to the compensation schemes. The scheme in urban areas, compared to country areas, recognises the character of those areas and the effect that construction and development can have, particularly on property prices and people.
The hon. Lady asked about the net cost of the changes. I can confirm that the net cost is zero. The overall cost of phase 1 remains £21.4 billion at second quarter 2011 prices. Any changes that add costs simply draw down the contingency not set aside for that purpose. We always knew we would need to draw down the contingency—for example, to meet the cost of the Chiltern tunnel extension, the cost of which was more than £40 million, at second quarter 2011 prices, excluding the contingency. I hope I have reassured the House that the project is deliverable within budget.
The hon. Lady also asked whether we would return to the House to provide clarity on phase 2 and legislative plans. I can confirm that the Government will outline the way forward for phase 2 before the end of the year, including confirmation of the plans for legislation.