Channel Tunnel rail link sold on to consortium for £3bn
Canadian pension funds Borealis and Ontario Teachers sell HS1 rail link in deal thought to value the track, stations and lease at £3bn
The Canadian pension funds who own Britain’s HS1 high-speed railway between London and the Channel Tunnel have sold to a consortium of UK and foreign investors.
Borealis and Ontario Teachers, which paid £2.1bn for the HS1 concession from the UK government when the line was privatised in 2010, has sold the remainder of its 30-year lease in a deal valued at £3bn, including HS1’s debt.
Source: Guardian Transport