SPENDING on improvements around Solihull’s future HS2 interchange could reach £1 billion, the regional authority has said.
The HS2 Interchange Station, located opposite the M42, near the NEC is set to host ten trains per hour if the high speed line is completed.
UK Central, the company developing the HS2 Interchange is being supported by the West Midlands Combined Authority which has pledged £977m for the scheme.
Funding to improve nearby roads and transport will cost £248m, spending on Solihull town centre and regenerating North Solihull has a budget of £694m and £35m has been earmarked for ‘low carbon growth initiatives.’
Roads set to benefit include the Damson Parkway, costing £70m, and the A34, costing £20m.
Connecting Solihull town centre to UK Central is also among the regional plans.
The borough’s development team said: “The improvement of a number of junctions within the Solihull Town Centre is important to strategic connectivity across much of the Borough and to the town centre itself.
“Improvements will seek to improve access across a range of transport modes, whilst also accommodating Transport for West Midlands’ Sprint services.
“In this way, growth in both the UK Central Hub and Solihull Town Centre can be facilitated. The estimated budget for these improvements is £17.5m.”