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

A First: Astronomers detect Exoplanet in Visible Light

For the first time, scientists have imaged a world orbiting a star other than the sun in the visible part of electromagnetic spectrum. They have detected exoplanet 51 Pegasi b in visible light.

Astronomers explained that this exoplanet is the member of a class of ‘hot Jupiters’. The popular planet, also known as Bellerophon, is situated...

Most Popular

London noise levels affecting population

According to a new study, the high level of noise...

Conservationist organisation warn that 23 000 species are vulnerable

A leading conservation organisation has warned in a new...

Researchers developing solar cells to store energy for weeks

Researchers are aiming to develop solar storage devices...

Altice makes offer to buy France's Bouygues Telecom

An offer to buy France's Bouygues Telecom through its...

Poll

Can Greece Come out of Economic Problems: