Plaid Cymru has tabled amendments to the remaining stages of the HS2 paving bill today which aim to secure a fair share of funding for Wales.
Plaid said they will be pushing their amendment to the vote if selected as this will be the final opportunity to enshrine in law that Wales should receive an equivalent Barnett consequential, around 5%, of the cost of the project.
Treasury spokesperson, Jonathan Edwards MP, said:
“Plaid Cymru has fought a three year long campaign to ensure that Wales receives a fair share from HS2. The cost of the network has doubled over the summer to over £40bn according to the Treasury’s own estimates. Independent assessments by the Institute for Economic Affairs put the cost of HS2 at over £80bn. A fair share for Wales therefore would be between £3bn and £4bn.
"Historically, Wales has been poorly served by Westminster Governments when it comes to transport infrastructure in our country – receiving less than half of what our population share would dictate. It’s no wonder that our transport systems are so poor.
"What we can safely say is that like all white elephant projects the cost over the years will go up. Spending onHS2 will dominate all transport investment for a generation.
"Furthermore a report by the accountants KPMG indicated that the South Wales economy would be hammered if HS2 went ahead, losing over £220m per annum. HS2 is going to cost everybody living in Wales between £1,700 and £3,000 based on current projections.
"Once again, only Plaid Cymru is defending the Welsh national interest.
"We don’t expect anything better from the Tories and Lib Dems, but if Labour MPs abstain as expected they will be letting down their constituents and their communities, as well as Wales.
"It will be a stain on the Labour party for a generation – when the chance came to secure a fair share for Wales they, as usual, clocked off early."