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

Cerner and Athenahealth working with Apple to develop apps that leverage HealthK

Two bigwig US electronic health record providers - Cerner Corp and Athenahealth Inc - said in a Thursday announcement that they are collaborating with Apple for the development of apps which leverage Apple's HealthKit mobile health service.

Confirming that Cerner and Athenahealth have worked out partnerships with Apple, the...

Most Popular

US Oncologist ‘Poisons’ Fellow Physician Lover by Lacing Coffee with Ethylene Gl

An obsessed US oncologist allegedly poisoned her fellow...

Blazing ‘Fireball’ Witnessed Over A Dozen Eastern US States

On Monday, around 160 people reported sighting a blazing...

CA Coastal Cleanup Day on September 20

CA Coastal Cleanup Day, a statewide event which takes...

NASA May not meet Its Target of Finding Potentially Hazardous Asteroids By 2020:

A report by NASA reveals that a project that was started...

Poll

Can Greece Come out of Economic Problems: