The Northern Rail bonds can be issued straight to UK pension funds and insurance companies which are always begging for inflation linked assets (ticket prices on rail fares are linked to inflation so this should be easy enough). This would keep the dividends in the country to an extent. The equity can come from central government to absorb cost overruns and bad patches like the last 2 years.
Love sentiment, love the direction of travel (boom boom!) but what hope when the civil service can't even stop unwanted migrants washing up on our shores?
Fingers crossed...
The Northern Rail bonds can be issued straight to UK pension funds and insurance companies which are always begging for inflation linked assets (ticket prices on rail fares are linked to inflation so this should be easy enough). This would keep the dividends in the country to an extent. The equity can come from central government to absorb cost overruns and bad patches like the last 2 years.
Love sentiment, love the direction of travel (boom boom!) but what hope when the civil service can't even stop unwanted migrants washing up on our shores?
I cross my fingers anyway!