Sunday, 17 January 2010
... Buying Our Companies & Marrying Our Women
By way of an update to Thursday's post on Mandelson railing against foreign ownership, we now read that Chiltern Railways are to invest £250 million in a new mainline route to Oxford and the Midlands, cutting journey times by 20%. Excellent say I, it's a journey I often make. And private investment in ageing UK infrastructure must always be music to the ears.
It's to be financed by Chiltern itself, in return for an extension to its franchise.
Now, remind us who owns Chiltern ? Ah yes, Mr Mandelson, it is Deutsche BundesBahn. To whom a franchise extension can rather safely be granted, in contrast to some of the dodgy indigenous operators thrown up by rail privatisation.
So, Mandy, what was that crap about foreign companies being resisted by UK institutional shareholders ?
9:00 pm Sunday UPDATE: GDF bidding for International Power - let's see what Mandy has to say about this one !
Posted by Nick Drew