UK to Begin Asset Sales with Channel Tunnel Auction

10 June 2010


The UK is planning to begin asset sales with the auction of the Channel Tunnel rail link, which is expected to raise up to ВЈ2bn ($3bn).

The Department for Transport and rail link owner London & Continental Railways will distribute the sales document to potential bidders, such as Groupe Eurotunnel, ahead of the emergency budget meeting on 22 June, according to The Independent.

The 108km Channel Tunnel rail link runs from London St Pancras International station to the Kent coast.

Privatisation of the High Speed 1 railway, operated by Eurostar between London and the Channel Tunnel, is also being considered by the government.

Network Rail is considering whether or not to launch a bid for the assets on its own or as part of a consortium.


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