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June 22, 2010

Britain invites bids for High Speed concession

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THE British government invited bids on June 21 for the sale of High Speed One (HS1), the wholly-owned subsidiary of London & Continental Railways which has a 30-year concession to operate and maintain the high-speed line between London and the Channel Tunnel.

Transport secretary Mr Philip Hammond said the successful bidder would be incentivised to attract new operators to the 110km line which is currently used only by Eurostar service from London to Paris and Brussels, and domestic 200km/h services between London and Kent. The government intends to use the proceeds to reduce Britain's public sector debt.

Bidders interested in acquiring HS1 must reply to the pre-qualification questionnaire by midday on July 9.



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