Plans for a multi-billion pound rail line from London to the West Midlands with 250mph trains are to be presented to the Government this week.

The project include a new route into the capital and a huge new terminus.

Journeys from Wolverhampton to London would take just over an hour, lopping off 55 minutes.

The 400-metre trains would carry 1,100 passengers in a project which could cost as much as £60 billion.

The station would eventually be big enough to handle 18 trains an hour, with 20,000 passengers travelling in and out.

The report, from the High Speed Two company set up by the Government, will also present options for a high-speed line, or lines, north of Birmingham to Scotland.

If accepted by the Government, the first part of the line from London to the West Midlands could be up and running by 2025, with work starting in 2017.

Running to around 200 pages but with thousands of pages of appendices, the report will not be published until spring 2010.

Transport Secretary Lord Adonis said today: “This is an important report which will shape the future of high-speed rail, which has real potential to regenerate and reinvigorate.

“Our high-speed network lags behind that of many of our European neighbours.”