A China Railway Construction Corporation (CRCC) unit yesterday dismissed media reports that said it had sent a letter expressing interest in building and financing a high-speed railway project being carried out by the UK’s HS2 Ltd.
China Railway 16th Bureau has not sent any such note, according to a company statement. It cited media reports that claimed the Chinese firm had said that it could build the HS2 in five years and provide up to 80% of the funding.
The denial came even as UK Transport Secretary Grant Shapps said the government is not involved in talks with China over the construction of the HS2 high-speed rail line connecting London and Birmingham.
UK Prime Minister Boris Johnson last week approved the HS2 project despite an official review warning that costs could cross GBP 100bn (USD 130bn), compared with the budgeted GBP 62bn.
Under the current schedule, the entire HS2 project is due to be finished by 2040.
The government’s proposed route for the London-Birmingham line will run from a rebuilt Euston station to a new Birmingham City Centre station at Fazeley Street.