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Eurotunnel preparing to launch bid for high speed rail line

Posted by editor on Jul 01, 2009 - 08:30 AM
Filed under: Business, News

News

Cross-channel rail tunnel operator Eurotunnel is "looking carefully" at launching a bid for the UK's High Speed 1 (HS1) rail line according to reports.

 

Groupe Eurotunnel is understood to be preparing to bid for the UK's only high speed line, which runs between the Channel tunnel and St Pancras International in London.

Jacques Gounon, Groupe Eurotunnel's executive chairman, told the Financial Times he was looking carefully at the High Speed 1 privatisation.

Should Eurotunnel launch a successful bid, the Channel tunnel and the high speed line linking it to London would be owned by one company.

The Financial Times, citing its own sources, said the line is likely to be sold for £1.5-2.5bn.
 

 

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