TfL finance chief to join HS2

17 Jul 15

Steve Allen, the current managing director of finance at Transport for London, has been appointed the chief financial officer of the project to build the new High Speed 2 rail link.

Allen, who was earlier this year named as one of the Public Finance Top 50 trailblazers, will be responsible for ensuring rigorous financial control for the scheme, which has a total budget of £42.6bn. The line is expected to open from London to Birmingham in 2026 and on to Manchester and Leeds by 2033.

HS2 Ltd chief executive Simon Kirby said he was delighted to welcome Allen. “His experience of delivering multi-billion pound investment programmes will be invaluable as we move towards the start of construction in 2017,” he added.

Allen, who at TfL is responsible for business planning and financial control across £11bn worth of annual transport spending and £21bn of capital investment as well as its corporate finance activity and commercial function, said HS2 was “an ambitious, innovative and challenging project”.

It promises to transform the experience of rail travel for huge numbers of people across the UK and provide a major boost to economic growth, he said.

“I am excited to be joining at such a critical time for the project.”

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