High Speed One will get new operator
Published: 11:28, 05 November 2010
A Canadian consortium today won the right to operate the High Speed One Channel Tunnel rail link for the next 30 years.
The deal is worth £2.1 billion pounds to the government.
The 68-mile London to Folkestone line has been a wholly-owned subsidiary of London and Continental Railways - which, in turn, is government-owned.
Transport Secretary Philip Hammond described the deal as "great news for taxpayers and rail passengers alike".
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