Friday, 5 November 2010

HS1 flogged to the Canucks

This from

LONDON (SHARECAST) - The government has sold the right to run the high speed rail link between London and the Channel Tunnel to a Canadian consortium for £2.1bn.

The purchase of High Speed 1 gives the consortium, which comprises two Canadian pension funds, operating rights over running the line and the stations along it for 30 years.

Transport Minister Philip Hammond said the sale price ‘exceeds the highest expectations for the sale.’

He said it would help the government to reduce the deficit

Eye respectfully suggests to the Rt Hon Petrol-head that he uses this cash windfall to buy some much needed new trains for the rest of the network.

But not IEPs, obviously.