22.06.2015 - UK trains sights on Abu Dhabi sovereign funds for HS2 high-speed rail project
The UK government has approached Abu Dhabi sovereign wealth funds seeking investment in major infrastructure projects. Dominic Jermey, the chief executive of UK Trade and Investment and former UK ambassador to the UAE, last week met executives from Mubadala and the Abu Dhabi Investment Authority (Adia) to try to drum up investment in projects including the controversial high-speed rail project HS2, and in the UK government’s Northern Powerhouse initiative – a plan to restore economic dynamism to Britain’s struggling post-industrial regions. Offering the chance to get involved in “the biggest programme of railway building in the United Kingdom since the time of Queen Victoria”, Mr Jermey said that the UK government would “love to see sovereign wealth fund money” invested in HS2, and in efforts to build new infrastructure in Manchester, Birmingham, Sheffield and Leeds...............................................Full Article: Source
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