The plan, which was launched for public consultation in 2014, sets out proposals for a 'world class' integrated city centre terminus station, Birmingham Curzon.
Major regeneration will also occur across Eastside, Digbeth and the City Centre Core.
The planned rejuvenation will improve the city's economy by £1.4 billion a year, seeing 36,000 jobs, 600,000 sq m of employment space and 4,000 homes delivered.
The scheme is amongst the largest regeneration schemes in the county and one of the biggest announced on the back of HS2.
The city centre terminus stations will form a 'key part' of the national high speed rail network, with direct connections to London, Manchester, Sheffield and Leeds.
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The first phase is set to open in 2026.
Councillor Tahir Ali said: "We will have a completely new rail terminus in the heart of the city; the first for more than 100 years. Sitting between the city centre, the Eastside regeneration area and the Digbeth creative business quarter, the development offers fantastic regeneration opportunities and will see the city’s economy grow and prosper."
Since its launch the Birmingham Curzon HS2 plan has helped secure the following benefits:
• An initial Government allocation of £41.5 million to extend the Midland Metro tram to Eastside.
• £30 million of funding from the Greater Birmingham and Solihull Local Enterprise Partnership to deliver local infrastructure across the plans area.
• The decision by HS2 to locate their national Construction HQ in Birmingham creating 1,500 new jobs.
• The decision to co-locate the National College for High Speed Rail within the plans area.
• Announcement by the Chancellor to extend the City Centre Enterprise Zone to support the funding of local infrastructure.
• The launch of the Curzon Regeneration Company as a shadow board – a partnership between Birmingham City Council, Government, LEP, Centro and HS2 Ltd – which will drive forward the future regeneration of the area.
(LM/CD)
