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Eurotunnel looks at high speed rail bid

<div>GROUPE Eurotunnel, the firm that runs the Channel tunnel is &ldquo;looking carefully&rdquo; at bidding for the UK&rsquo;s only dedicated high-speed rail line.<br /><br />Executive chairman Jacques Gounon said he was interested in bidding for the High Speed 1 line, which carries trains at 300kph on the 108km between the tunnel and London&rsquo;s St Pancras station. High Speed 1, which cost &pound;5.8bn to build, could fetch up to &pound;2.5bn, say observers.<br /><br />The line is controlled by London &amp; Continental Railways, but the government has the right to take control of the line after bailing out the companies who built it in 1998, and is keen on a sale to boost Treasury coffers.<br /><br />&ldquo;I&rsquo;m looking carefully at the High Speed 1 privatisation,&rdquo; Gounon told the Financial Times.</div>