June 28, 2018

Chinese railway companies are the frontrunners to operate HS2 trains because two domestic bidders are beset by crises and unwilling to take on the financial risk, The Times has learnt.

Guangshen Railway Co, an arm of the Chinese state rail company, and MTR, which runs Hong Kong’s rail network, are on course to win the contract, sources said.

Their bid is the most likely to win the tender to run the 220mph trains from a shortlist of three that also includes two British-led entries — one from a consortium involving Virgin and another led by First Group.

Read more:

https://www.thetimes.co.uk/edition/news/china-in-driving-seat-to-control-hs2-trains-cmr0tkjg0