Mandarin in Channel Tunnel bid


If you want to know what it takes to become what the press calls a Treasury mandarin look no further than the background of Sir Adrian Montague who, according to reports today, is teaming up with Goldman Sachs to bid for London & Continental Railways, the company that runs the Channel Tunnel Rail Link and co-owns Eurostar.

He started the rise to public attention as a partner with the establishment law firm Linklaters & Paines and later moved into investment banking to become global head of Project Finance for Dresdner Kleinwort Benson,

He was, as they say ‘spotted’ and from 1997 to 2001, he held senior positions concerned with the implementation of the Governments strategy for involving the private sector in the delivery of public services, first as Chief Executive of the Treasury Taskforce, and then as Deputy Chairman of Partnerships UK plc.

He played a leading role in the creation and financing of Network Rail and in the restructuring of British Energy and also led the government’s review of Crossrail, the project to build an east-west rail link under the centre of London.

Aged 58 at the end of this month, Sir Adrian (awarded a CBE in 2001 and knighted this year) is current ly chairman of British Energy and chairman of insurance group Friends Provident……he is also Chancellor Gordon Brown’s favourite economic adviser.

Thanks for reading Big Business

David Davis


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