UK GOVT TO SELL £16BN’S WORTH INCLUDING HS RAIL
Posted on 16 October 2009
On 12 October, the British government announced its intention to sell off £16billion’s worth of state-owned assets, including the high-speed railway from London to the Channel tunnel, known as High-Speed One. This was opened in late 2007 at a cost of £5.8 billion. Eurotunnel, the company operating the rail link between Britain and France, of which Goldman Sachs is the single largest shareholder, says it is interested as a prospective purchaser.
The government has provided no details of the intended sales, and there has been no mention of probable prices. The move is an effort to reduce a “soaring” public deficit.
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