HS1 Rail Link Put On Sale
HS1 Rail Link Put On Sale

The British Government has put the London to Folkestone rail path on sale. The link is worth £5bn and runs over a distance of 68 miles.

The link starts from St Pancras in London to Folkestone. It halts at the stations in east London, Stratford, and Ebbsfleet and Ashford in Kent.

The trains running on the link are Eurostar trains to Paris and Javelin.

Government is planning to sell the link off in a deal worth £1.5bn. The pathway is called HS1. It is being operated by London and Continental Railways in the order of Department for Transport, at present.

The sale proposal was first extended, last year, by the previous Government.

The buyer of the link will enjoy an allowance for 30 years to operate and monitor the link, as well as, the stations falling in between.

After the sale, the functions will be scrutinized by the Rail Regulation department, in order to ensure the safety and security of the travelers.

Transport Secretary, Philip Hammond, said that HS1 has been maintaining the standards provided by the Government.

"The money generated by this sale will make an early significant contribution to the crucial task of reducing the public sector debt", he added.

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