HS2: George Osborne urges China to pitch for £11.8bn contracts [BBC News]
Date: 24/09/2015
Chancellor George Osborne has urged Chinese investors to bid for contracts to build HS2, as he opened the bidding process for the high-speed rail line. Speaking in China, he urged firms to bid for seven contracts worth £11.8bn in total - covering the first phase of HS2, from London and Birmingham. Mr Osborne also invited bids for £24bn of investment in northern England. Critics say opening HS2 bidding before Parliament has approved the scheme 'smacks of a mercenary approach'. It comes as shadow transport secretary Lilian Greenwood told the BBC Labour would nationalise the railway system, including HS2.
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George Osborne urges Chinese firms to pitch for £11.8bn in construction contracts for the UK's proposed HS2 rail line, on his visit to China.
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