Channel tunnel rail link sale starts big Vends off UK

Channel Tunnel rail link sale begins UK's big sell offA train Eurostar of Ashford, Kent. Photo: PA

The agreement means that consortium won a 30 year concession to run the segment of 68 miles of rail tunnel under the English channel, as well as the stations on the line, St Pancras International, Stratford, Ashford and Ebbsfleet and London.

Philip Hammond, the Secretary of transportation, Friday called the "good news for taxpayers and rail travellers agreement." £ 2 Billion price is above £ 1 analysts estimates. 5bn to £ transmitters.

High speed one has been on the block in June and was regarded as one of the finest assets may be sold by the coalition, which seeks to reduce the national debt to Britain to £ 952bn.Other assets intended for potential privatization are passing Dartford, small, the State 49pc holding in National Air Traffic Services - in which the Government has appointed Bank of America Merrill Lynch to advise on its strategic options - and Royal Mail.

As part of the agreement Friday, rail Ontario Teachers' Pension Plan and Borealis, the arm of the Ontario Municipal Employees Retirement System, infrastructure will receive access fee track paid by operators who use the line high-speed - Eurostar train and Southeast .they trains will also the right to sell more access to the runway and stations. High speed one generates annual earnings before interest, tax, depreciation and amortization of 135 million from £.

Ministry of transportation is concerned that the agreement could result in higher fares through consortium increased costs for train operators.The loads on the line are covered by the Secretary of State and the Office of Rail Regulation, which monitors the performance of high speed.

Mr. Hammond said that business Consortium "very well" shows the desire for additional services on the railway ligne.Deutsche aims to launch 2013 services that use the route to Frankfurt and Amsterdam. ""This is a vote of confidence big UK plc, and a great vote of confidence of the market in the future of high-speed railroad", he added.

The consortium has seen off the coast of the channel tunnel competition and led by Allianz consortia to save the ligne.Il is expected to pay the proceeds of the Treasury Board this month.


View the original article here

You can leave a response, or trackback from your own site.

0 Response to "Channel tunnel rail link sale starts big Vends off UK"

Post a Comment

Powered by Blogger