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But not in their own country - a Canadian consortium have bought the UK HS1 line (High Speed 1; London to the Channel Tunnel), 67 miles of mostly 186mph track. They've paid GBP£2.1bn (about USD$3.4bn) for the rights to run the line for 30 years and sell paths to Eurostar and various other train operating companies.
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Now how is this "pension consortium" supposed to make money from the access fees? They going to bleed the funds dry and expect the government to make up the funds for maintaining the railroad...?
Posts: 566 | Registered: Mar 2002
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The track access fees are supposed to cover the costs of running and maintaining the roadway, plus make some profit on the side.
It works both ways though: if the consortium fails to meet the service level requirements then the consortium starts paying the train operating company for every minute one of their trains is delayed. If a third party is the cause then the costs get passed to them.
-------------------- Geoff M. Posts: 2426 | From: Apple Valley, CA | Registered: Sep 2000
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