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The completion and sale of High Speed 1

Posted on: 29 March 2012
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Filed under: News

The National Audit Office has published a report on the construction and sale of the high speed railway line linking the Channel Tunnel with central London. The High Speed 1 project has delivered a high performing line, which was subsequently sold in a well-managed way which removed the taxpayer’s open-ended support for the project. However, international passenger numbers are falling far short of original forecasts and the project costs exceed the value of journey time saving benefits.

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