Having considered various options, on 1 March 2006, the Secretary of State for Transport announced that the best way of delivering continuing value for money for the taxpayer in relation to the Channel Tunnel Rail Link (since renamed High Speed 1) would be for there to be an open, transparent and competitive process. The Government are currently engaged in a restructuring of London and Continental Railways. Following this, it is the Government’s intention, as market conditions allow, to sell, via an open and competitive auction, a long-term concession for High Speed 1 in such a way as to maximise value for money for the taxpayer.