ADIA to bid for UK's only high-speed railway

ADIA to bid for UK's only high-speed railway

The world's biggest sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA) is to make bid for the Channel Tunnel high-speed rail link, jointly with Morgan Stanley and private equity group 3i.

The sale, which is expected to bring 1.5 billion to 2 billion pounds, will to use to support Britain's huge debt pile.

The deadline for submitting an offer for the first round of bids is 17 August.

The government has put the sale of UK's only high-speed railway in June.

The 110-km High Speed 1 (HS1) line runs from St. Pancras station in central London to the Channel Tunnel and its sale, if successfully completed, will be the first major British transport infrastructure sale after the sale of Gatwick airport in London by BAA in the end of 2009.

ADIA has purchased 15 percent holding of Gatwick Airport in the beginning of this year.

The UK government has received around 15 applications to bid for HS1.

The other bidders include Channel tunnel operator, Groupe Eurotunnel, which is supported by its biggest investors, Goldman Sachs Infrastructure Partners and the infrastructure division of Prudential unit M&G, Infracapital.


FrenchTribune Specials

IPCC’s Projected Sea Level Rise may already be outdated, says NASA

As per NASA, the projections made by the Intergovernmental Panel on Climate Change on a rise in global sea levels of 1 to 3 feet have already become a thing of past. Experts said that humans are locked into at least 3 feet of sea level rise and even more is also possible.

Steven Nerem of the University of Colorado said that most of the...

Most Popular

Air Pollution Causes an Estimated 1.6 Million Deaths in China Every Year

A recent study published in Nature Geoscience revealed...

A Baby Planet has been discovered in another Solar System

According to reports, astronomers have captured an image...

Nasa's Curiosity rover takes a 360 degree selfie on MARS

The Curiosity rover, sent by American space agency NASA...

Rare dinosaur footprints found in Lower Saxony in Germany

A team of scientists from Germany have found a long...

Poll

Can Greece Come out of Economic Problems: