Chinese Firm to Vie for UK HSR Contract

19 August 2010 (Last Updated August 19th, 2010 18:30)

China’s Cheung Kong Infrastructure is considering bidding for Britain's high-speed rail line, High Speed 1 (HS1). HS1, to be sold by the UK Government for £1.5bn-£2bn, has a 30-year concession to run the 68-mile line linking London to the Channel Tunnel. The government is sellin

China’s Cheung Kong Infrastructure is considering bidding for Britain's high-speed rail line, High Speed 1 (HS1).

HS1, to be sold by the UK Government for £1.5bn-£2bn, has a 30-year concession to run the 68-mile line linking London to the Channel Tunnel.

The government is selling the line to recover its budget deficit.

The consortium, made up of Morgan Stanley Infrastructure, 3i Infrastructure and Abu Dhabi Investment Authority, is competing for the project.

Another consortium, which includes Groupe Eurotunnel, Goldman Sachs Infrastructure Partners and M&G's Infracapital, is also planning to vie for the project.