The wei network, part two
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, the BBC reported.
[HS2: George Osborne urges China to pitch for £11.8bn contracts, BBC News, 24 Sep 2015]
Speaking in China, he urged firms to bid for seven contracts worth £11.8bn in total – covering the first phase of HS2, between London and Birmingham.
Mr Osborne also invited bids for £24bn of investment in northern England.
The government has already turned to Chinese investors to finance another piece of “subprime” infrastructure — the Hinkley Point C nuclear power station.
[With Hinkley Point, squandermania has reached dangerous new heights,
Simon Jenkins, The Guardian, 23 Sep 2015]
[…] The hapless new energy secretary, Amber Rudd, has been forced to describe Hinkley Point as “value for money”. She must be speaking Chinese. Like the transport secretary, Patrick McLoughlin, with his benighted HS2, she is trapped by the chancellor’s infatuation with big construction. Rudd and McLoughlin know that their future in the Osborne universe depends not on cutting spending but on cutting ribbons.