Going private with HSR and Pompeii

The Telegraph sends this story about the Channel tunnel rail link, sold off for $2.1 bn to Canadian pension funds.

Under Friday’s rail agreement, Ontario Teachers’ Pension Plan and Borealis, the infrastructure arm of the Ontario Municipal Employees Retirement System, will receive the track access charges paid by the train operators that use the high-speed line – Eurostar and Southeastern Trains. They will also have the right to sell further access to the track and the stations. High Speed One is generating annual earnings before interest, tax, depreciation and amortisation of £135m.

Joseph Cordes sent me this link about the possible privatization of Pompeii, after a wall of a gladiatorial clubhouse fell down. The private company calling for the UNESCO site’s privatization is hardly an unbiased source. One hopes that the unfortunate stray dogs will be treated decently if there is a move to privatize.

We’ve had decades of debate regarding privatization as a policy issue, but it looks like necessity is going to move the process forward.

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