HS2 secures backing from China

HS2 secures backing from China

HS2 secures backing from China

First published in News
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Bucks Free Press: Photograph of the Author by , Reporter

PRIME Minister David Cameron has signed a deal with China to provide backing to major British infrastructure projects - which includes HS2.

He and Chinese Premier Li Keqiang signed a bilateral agreement at the Foreign and Commonwealth Office yesterday, which it's hoped will give a boost to the country's economic growth.

The Department for Transport said the deal would enable the two countires to co-operate more clearly on areas such as rail design, engineering, construction, supply, operation and maintenance.

This will include backing for the controversial HS2 rail project, which will cut through the Chilterns Area of Outstanding Natural Beauty.

China has spent the last decade building new high speed railway lines across the country and upgrading the current network.

Transport Secretary Patrick McLoughlin said: "I can see great mutual benefit to be gained from increased co-operation between the UK and China on rail. The railways are a massive success story in both countries and we can boast world class expertise across the sector.

"The government’s long term economic plan is working, and Britain is on the rise. But the job is not done. The success stories of the future will be economies that invest in infrastructure and welcome overseas involvement and we want this partnership to be a win-win situation creating economic growth and jobs here and abroad, including in China."

Mr McLoughlin also signed a Memorandum of Understanding with Chinese officials on behalf of the British government.

This focuses on the development of new build and upgrading rail infrastructure projects, station design and equipment supply.

Comments (6)

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11:15am Wed 18 Jun 14

Darren Hayday says...

MP's and senior civil servants get a nice 'handshake', the Chinese get a foothold into major UK investment and the rest of us get 10 mins knocked off our train journey from Birmingham to London (if we ever get to use it...) What a lovely little deal set up by our PM and his predecessor.... One day they will open up an enquiry into all this….paid for by our money to look into the billions wasted and all the back hander’s, etc – only for the main players to get off Scott free = because they will have political protection! You just can’t make this all up! Can you?
MP's and senior civil servants get a nice 'handshake', the Chinese get a foothold into major UK investment and the rest of us get 10 mins knocked off our train journey from Birmingham to London (if we ever get to use it...) What a lovely little deal set up by our PM and his predecessor.... One day they will open up an enquiry into all this….paid for by our money to look into the billions wasted and all the back hander’s, etc – only for the main players to get off Scott free = because they will have political protection! You just can’t make this all up! Can you? Darren Hayday
  • Score: 11

12:40pm Wed 18 Jun 14

BucksComment says...

Great, so not only do we get a white elephant that no one wants, but it is a fair bet where the contracts for rolling stock will be going.

Surely, at least, if this stupid idea does go ahead then the £50Bn+ should be spent in the UK?
Great, so not only do we get a white elephant that no one wants, but it is a fair bet where the contracts for rolling stock will be going. Surely, at least, if this stupid idea does go ahead then the £50Bn+ should be spent in the UK? BucksComment
  • Score: 9

1:21pm Wed 18 Jun 14

Darren Hayday says...

BucksComment wrote:
Great, so not only do we get a white elephant that no one wants, but it is a fair bet where the contracts for rolling stock will be going.

Surely, at least, if this stupid idea does go ahead then the £50Bn+ should be spent in the UK?
Seems not..... otherwise the Chinese money men will not be lending thier dosh without something in return...
[quote][p][bold]BucksComment[/bold] wrote: Great, so not only do we get a white elephant that no one wants, but it is a fair bet where the contracts for rolling stock will be going. Surely, at least, if this stupid idea does go ahead then the £50Bn+ should be spent in the UK?[/p][/quote]Seems not..... otherwise the Chinese money men will not be lending thier dosh without something in return... Darren Hayday
  • Score: 3

10:50pm Wed 18 Jun 14

JOHNHEALY says...

While he was about it why did Cameron not sign the country away as well. The man needs ousting from office before he does any more damage
While he was about it why did Cameron not sign the country away as well. The man needs ousting from office before he does any more damage JOHNHEALY
  • Score: 2

10:15am Thu 19 Jun 14

I Love Ivor says...

JOHNHEALY wrote:
While he was about it why did Cameron not sign the country away as well. The man needs ousting from office before he does any more damage
Oh Yeah and Red Ed, Mad Nigel et al would have done better? Sheez...
[quote][p][bold]JOHNHEALY[/bold] wrote: While he was about it why did Cameron not sign the country away as well. The man needs ousting from office before he does any more damage[/p][/quote]Oh Yeah and Red Ed, Mad Nigel et al would have done better? Sheez... I Love Ivor
  • Score: -1

1:15pm Thu 19 Jun 14

mistamina says...

I Love Ivor wrote:
JOHNHEALY wrote:
While he was about it why did Cameron not sign the country away as well. The man needs ousting from office before he does any more damage
Oh Yeah and Red Ed, Mad Nigel et al would have done better? Sheez...
Wondered how long it would be before 'Mad Nigel ' entered the fray.
Incidentally, where is he? Very curious, have not heard from him in 3.5 weeks.
[quote][p][bold]I Love Ivor[/bold] wrote: [quote][p][bold]JOHNHEALY[/bold] wrote: While he was about it why did Cameron not sign the country away as well. The man needs ousting from office before he does any more damage[/p][/quote]Oh Yeah and Red Ed, Mad Nigel et al would have done better? Sheez...[/p][/quote]Wondered how long it would be before 'Mad Nigel ' entered the fray. Incidentally, where is he? Very curious, have not heard from him in 3.5 weeks. mistamina
  • Score: 0

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