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High speed line for sale
The London to Folkestone high speed rail link has been put up for sale by the UK Government
Eurostar trains to Paris and Brussels and Southeastern’s Javelin trains operate on the HS1 route, which runs from London St. Pancras to Folkestone, with stations at Stratford, east London, and Ebbsfleet and Ashford in Kent.
The Government hopes the sale will bring in around £1.5bn. The route, known as HS1, cost £5bn to build and is currently run by London and Continental Railways under the control of the Department for Transport.
“HS1 is a national success story and a world-class railway operating to international standards,” said Transport Secretary Philip Hammond.
“The money generated by this sale will make an early significant contribution to the crucial task of reducing the public sector debt. This is part of the Government’s approach to making our national assets – and every taxpayer pound – work harder.
“The Government does not have to run everything directly – we need to take prompt action where private enterprise can provide both a better deal and a superior service to the public.”
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