Canadian Pension Funds Pay $3.4B for British High-Speed Rail

A consortium of Canadian pension funds, including the Ontario Teachers' Pension Plan and Ontario Municipal Employees Retirement System, will pay $2.1 billion pounds ($3.4 billion) to operate Britain's only high-speed railway, Reuters reported. The deal - by which the consortium will operate the line, called High Speed 1, for 30 years - represents Britain’s recent efforts to cut the national debt, Reuters said. The High Speed 1 route links St Pancras station in north London to the Channel Tunnel, and became fully operational in November 2007.

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