"Bob" wrote in message
ups.com...
Further report from Reuters
Quote
LONDON (Reuters) - Chiltern Railways could be auctioned as soon as
late August by fund manager Henderson , with bids expected to exceed
80 million pounds, industry sources said on Friday.

One of the sources said bids could approach 100 million pounds,
adding, "It should happen in early autumn -- around late August or
early September."


Laing's joint venture with Hong Kong-based MTR running the
London Overground system from November, may also be sold, said one of
the sources.


Interesting that the possibility of retaining the Overground concession
exists - of course an operating concession with no farebox risk may be seen
as a better earner than Chiltern, a franchise (although much longer than the
norm).

Paul