Monday, 15 November 2010

IEP to be swung by soft loan?

Telegrammed by Ithuriel
Subscribers to RailHub were tantalised with the following this morning...

Philip Hammond is understood to be visiting the site of a potential Intercity Express Programme rolling stock assembly plant at Newton Aycliffe in Co. Durham on Thursday 18 November. There is speculation that a rail-related announcement may be made then.

Meanwhile this from Reuters...

Nov 13 (Reuters) - The Japanese government is considering giving financial support for Hitachi Ltd's (6501.T) bid to win a high-speed railway project order in the UK, the Nikkei reported.

The Japanese government would provide a loan through the Japan Bank for International Cooperation to a railcar-leasing company that Hitachi plans to establish with a leading British general contractor, the daily said.

To be absolutely clear.

A less expensive wrong train is still the wrong train, plus 20 years to rue the wrong decision.