Birmingham City Council has unveiled a 25-year Birmingham Curzon high-speed 2 (HS2) master plan that includes the redevelopment of 141ha of Birmingham city centre around the site of a HS2 railway station.
The mater plan includes the construction of more than 600,000m² of new business space and 2,000 new homes around the new station, Birmingham Curzon.
In addition to creating about 14,000 jobs, the redevelopment is expected to boost Birmingham's economy by £1.3bn each year.
HS2 is a new high speed railway line that will run between London and Birmingham, Manchester and Leeds.
Birmingham Curzon station will be the city's HS2 hub, linking phase one of the project, London to Birmingham, with phase two, Birmingham to Leeds and Manchester.
Birmingham City Council planning and regeneration director Waheed Nazir said that the master plan sets out the city council's aspirations for the new HS2 terminus station and the huge regeneration potential that surrounds it.
"The master plan is part of Birmingham's ambitious growth agenda that will see the city's economy grow and prosper," Nazir said.
HS2 is a under development and construction of the line and stations is set to begin in 2017, with the first passenger services arriving in Birmingham in 2026.
HS2 Growth Taskforce chair and treasury commercial secretary Lord Deighton said that Birmingham will realise the benefits of HS2 and has already developed ambitious plans to kick-start the project.
"Their vision for the Curzon HS2 master plan demonstrates the transformational value of HS2, not just for rail passengers but for the communities that the railway will serve," Deighton said.