Canadian Consortium Wins HSR Contract in UK

09 November 2010


A consortium comprising Borealis Infrastructure and the Ontario Teachers Pension Plan has won a contract to operate Britain's 68-mile high-speed railway (High Speed 1) between London and the Channel Tunnel.

The consortium will pay ВЈ2.1bn ($3.4bn) to operate the line for 30 years and will take on the management of the line later this month.

The consortium will be responsible for running the line as well as stations such as St Pancras International, Stratford, Ashford and Ebbsfleet.

High Speed 1 is used by international Eurostar services between London and European destinations as well as domestic high-speed services between London and Kent.

The railway is a wholly-owned subsidiary of London and Continental Railways.

Borealis Infrastructure and the Ontario Teachers Pension Plan are Canada-based pension fund managers.


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