13.07.12
HS2 compensation decision delayed
The decision on property compensation for people living near the route for HS2 has been delayed, transport secretary Justine Greening has announced. The extra time will allow ministers to consider a fair and affordable deal, she said.
A public consultation on the issue will be launched in September when the preferred routes for the second phase to Manchester and Leedswill be announced.
People whose properties have to be knocked down to make way for HS2 will receive compensation equivalent to the full market value of their homes, but those in close proximity to the line have raised concerns that years of building work will impact on house prices and their ability to sell.
Greening has said she will write to all of those most likely to be directly affected, to explain the change of timing in regards to compensation.
She said: “The impacts on property are some of the most direct and personal effects of HS2. This is why we have committed to going above and beyond the statutory requirements for property compensation.
“Developing the right property compensation package is complex as it needs to be fair to those living and working along the HS2 London toWest Midlandsroute while recognising our broader responsibility to the taxpayer.
“I understand this delay will not be welcomed by individuals and businesses who had hoped to see an earlier resolution to the uncertainty surrounding HS2 property and compensation policies.
“However, this will enable the Government to put forward a comprehensive, practical and affordable package of property and compensation measures.”
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