Chinese on track for HS2 train bid, UK rivals in crisis

Chinese railway companies are on course to win bids to operate High Speed 2 trains in the United Kingdom because of the chaos among rival British bidders.

London-based The Times newspaper reported that State-invested Chinese operator Guangshen Railway Co Ltd and MTR Corp Ltd, which runs Hong Kong's rail network, are favorites to take the contract to run the 354-kilometer-per-hour trains, from a shortlist of three.

The shortlist includes two British-led entries - one from a consortium involving Virgin Rail Group and another led by FirstGroup Plc.