I can assure my hon. Friend that, as I think I have shown, given the time taken in Select Committee, the way in which procedures can be put in place and the way in which the Woodland Trust appeared before the Select Committee to make its case, that that will be taken into account. As I have said, the planting of new trees is an important part of the work that has been done.
We have done a huge amount to assess the environmental impacts. More than 50,000 pages of environmental assessments have been provided to the House. We have produced a statement of reasons setting out why we believe it is correct to proceed with HS2. That information is important to ensure that the House makes its decisions to support this vital project in the light of the environmental effects.
I expect construction of HS2 phase 1, between London and Birmingham, to begin next year. To enable that, HS2 Ltd has this morning announced that nine firms have now been shortlisted for the civil engineering contracts for the line. Those contracts alone will create more than 14,000 jobs, and we want those jobs to be British jobs. That is why the HS2 skills college, with sites in Birmingham and Doncaster, will open its doors next year, to train our young people to take up those opportunities.
It is not all about jobs; it is also about materials. HS2 will need approximately 2 million tonnes of steel over the next 10 years, and we are already holding discussions with UK suppliers to make sure that they are in the best possible position to win those contracts.
Later this year, I will set out my decisions on HS2 phase 2. As that happens, we must have a firm grip on costs. The November 2015 spending review confirmed a budget for the whole of HS2 of £55.7 billion at 2015 prices. HS2 is a major commitment of public money, but it is an investment that Britain must make, and it can afford to do so: the cost of HS2 equates to about 0.14% of UK GDP in the spending review period.
I respect the fact that there are those in this House who take a different view of the project, but it is about the future of our nation. It is a bold new piece of infrastructure that will be open to passengers in just 10 years’ time. This is about giving strength not just to the north, but to the midlands. Today I can get a high-speed train to Paris and other parts of Europe, but not to Birmingham, Manchester, Leeds or Scotland. This is about boosting the links to the midlands manufacturing heartland and the connections to Leeds, York, the north-east and Edinburgh, and to the north-west, Liverpool, Manchester and Glasgow. It is about making
HS2 a part of our national rail network, including Euston, where we are not only building a world-class high-speed rail station, but funding work by Network Rail to prepare for the masterplan for Euston station, which is an important step forward in our vision of an integrated hub that will enhance the area. At Old Oak Common, I have agreed to the transfer of land to the development corporation, paving the way for more than of 25,000 new homes and 65,000 jobs.
High Speed 2 is a measure of our ambition as a country and of our willingness to look beyond the immediate future and to take a hard-headed view of what we need to succeed as a nation. This is a railway that will unlock that future. I urge colleagues to support the Bill’s Third Reading, as they have done to date, and the carry-over motions so that it can continue its passage in the next Session.
I commend the Bill to the House.