Tuesday, August 03, 2010

Competition for U.K. rail line heats up

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Borealis, the infrastructure investment arm of Ontario Municipal Employees Retirement System, and Ontario Teachers' Pension Plan are reported to be considering o a joint offer for High Speed 1, which has a 30-year concession to run a 68-mile high-speed rail line from central London to the Channel Tunnel.

The British government is selling the line to help reduce its budget deficit. Aug. 17 is the deadline for bids.

Bids are also expected from a consortium including Groupe Eurotunnel, the tunnel operator, Goldman Sachs Infrastructure Partners and M&G's Infracapital and another consortium of Morgan Stanley Infrastructure, 3i Infrastructure and Abu Dhabi Investment Authority.

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