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October 15, 2009

UK’s Channel Tunnel Rail Up for Sale

The UK Government is planning to sell off the Channel Tunnel Rail Link, also called High Speed 1, as part of its plans to raise £16bn to cut the public deficit. The 109km rail line, built at a cost of £5.8bn, was opened in November 2007 and links Paris, Lille and Brussels to St Pancras st

By cms admin

The UK Government is planning to sell off the Channel Tunnel Rail Link, also called High Speed 1, as part of its plans to raise £16bn to cut the public deficit.

The 109km rail line, built at a cost of £5.8bn, was opened in November 2007 and links Paris, Lille and Brussels to St Pancras station in London.

The details of the sale, including the worth of the assets, have not been disclosed but it is estimated that the line could be sold for £3–4bn.

Eurotunnel, the operator of the rail link between the UK and France, has already expressed interest in buying the railway.

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