3. Asian Business Park
Total investment: $1.51 billion
Timeframe: To be completed over the next decade
Chinese investors: Advanced Business Park
The High Speed 2 rail line will be built in two phases and will serve four cities: London, Birmingham, Leeds and Manchester.
Construction of phase 1 between London and Birmingham was approved in January 2012. Construction is due to begin in 2017 with an anticipated opening date of 2026. In January 2013, the preliminary phase 2 route was announced with a planned completion date of 2032.
The UK Department for Transport estimated the cost at 43 billion pounds.
In a joint statement during Premier Li Keqiang's visit to the UK in June, the two governments said that "both sides agree to promote substantive cooperation …on rail, including high-speed rail in areas including design, engineering, construction, supply operation and maintenance on projects in China and the UK."
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