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Home Ashford News Article
The government is to sell off its 40% stake in the Eurostar rail service to help fund a range of major infrastructure projects aimed at boosting the economy.
The money raised will contribute to about £375bn of investment in energy, transport, communications, and water projects up to 2020.
The sell-off of Eurostar stake could potentially raise hundreds of millions of pounds.
The company, which is majority-owned by the French state rail firm, SNCF, more than doubled profits to £52m last year.
The high-speed service connects Kent and London with Paris and Brussels, via international stations at Ashford and Ebbsfleet.
The Chief Secretary to the Treasury, Danny Alexander, said: “Underground, overground, onshore, offshore, wired or wireless, tarmac or train track. You name it, we’re building it right now.
"This is great news for the people of the UK.”
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