By Euro Weekly News Media • 10 July 2019 • 14:30
The British rail company Virgin Rail Group is studying its options and considering a possible investment into the high speed rail sector in Spain.
Patrick McCall, director of the Virgin Group, has said in a statement that due to increasing risks in the British market, the company will be looking into other avenues.
The liberalisation of the Spanish rail industry in 2020 will open the doors to national and international investors, and Virgin Rail is in a prime position to make the move according to the director.
“Unfortunately, it is increasingly difficult to invest in the United Kingdom from the perspective of railway franchises, due to the decision of the British Government to carry an unacceptable risk to bidders,” said McCall.
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