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Log in using your social network account OR Log in directly with The Independent {{message}} ____________________ Please enter an email address Please enter a valid email address Please enter a valid email address ____________________ Please enter a valid password [ ] Keep me logged in (BUTTON) Submit Forgotten your password? Want an ad-free experience? Subscribe to Independent Premium. View offers Hi {{fullName}} * My Independent Premium * Account details * Help centre * Logout (BUTTON) News > Business > Business News Five companies shortlisted to build trains for HS2 Rail minister Paul Maynard said the contract will create thousands of jobs and apprenticeships * Neil Lancefield * Thursday 2 November 2017 12:38 {{^moreThanTen}} * {{total}} comments {{/moreThanTen}} * The first phase of the high speed railway will open between London and Birmingham ( Reuters ) Five companies have been shortlisted to build 225mph trains for HS2. Rail minister Paul Maynard said the £2.75bn contract will create "thousands of skilled British jobs and apprenticeships". The companies vying for the right to design, build and maintain at least 54 new high-speed trains are Alstom Transport, Bombardier Transportation UK, Hitachi Rail Europe, Patentes Talgo and Siemens. Download the new Indpendent Premium app Sharing the full story, not just the headlines (BUTTON) Download now Watch more * Everything you need to know about HS2 The award of train-building contracts to foreign firms with overseas manufacturing plants has been criticised in recent years. In 2011, Germany-based Siemens was handed a £1.6bn deal to build trains for London's Thameslink, and last year Spanish company CAF won a £490m contract to manufacture trains for Arriva Rail North. Some of the entries shortlisted by HS2 already have UK production lines. Hitachi's manufacturing plant in Newton Aycliffe, County Durham, is building more than 100 Intercity Express trains for the Great Western and East Coast lines over the next three years. Earlier this year Derby's Bombardier secured a multimillion-pound investment to build 90 new trains for South Western Railway services. Alstom is developing its new train technology and manufacturing facility in Widnes, Cheshire. Spanish manufacturer Talgo last month unveiled a plan to build a factory in the UK and has already visited potential locations in Leeds and Liverpool. Phase 1 of the £55.7bn high-speed railway will open between London and Birmingham in December 2026. The new trains will also serve destinations on conventional lines beyond the core HS2 network, including York, Newcastle, Liverpool, Glasgow and Edinburgh. They will be expected to meet the highest international standards for noise reduction and environmental sustainability. Mr Maynard said: "HS2 will see some of the world's fastest trains connecting our great cities across the North and Midlands, creating an economy that works for everyone. Independent news email Only the best news in your inbox ____________________ Enter your email address (BUTTON) Continue (BUTTON) Continue Please enter an email address Email address is invalid Fill out this field Email address is invalid Email already exists. Log in to update your newsletter preferences Register with your social account or click here to log in receiveIndyHeadlines [ ] I would like to receive morning headlines Monday - Friday plus breaking news alerts by email Update newsletter preferences "But announcements like this show how the benefits of HS2 will resonate far beyond the opening of the new railway. HS2's legacy of jobs and skills is already being created." The contract is expected to be awarded in late 2019. HS2 Ltd managing director Chris Rayner described the shortlist as "a strong line-up of experienced hi-tech manufacturing and design talent". He said: "Together with the successful bidder, HS2 will deliver some of the world's most advanced rolling stock, engineered to provide seamless, accessible, fast and reliable journeys. Created with Sketch. Business news: In pictures Show all 12 Created with Sketch. Created with Sketch. (BUTTON) Created with Sketch. Business news: In pictures 1/12 Future product placement will be 'tailored to individual viewers' Marketing executives say that product placement in films and televison shows on streaming services such as Netflix may be tailored to individuals in future. For instance, if data shows that a viewer is a fan of pepsi, a billboard in the background of a shot would host an advert for pepsi, while for a viewer known to have different tastes it could be for Coca-Cola Paramount 2/12 Corbyn wishes Amazon a happy birthday In a card sent to Amazon CEO Jeff Bezos on the company's 25th birthday, Labour leader Jeremy Corbyn writes: "You owe the British people millions in taxes that pay for the public services that we all rely on. Please pay your fair share" 3/12 No deal, no tariffs The government has announced that it would slash almost all tariffs in the event of a no-deal Brexit. Notable exceptions include cars and meat, which will see tariffs in place to protect British farmers Getty 4/12 Fingerprint payment NatWest is trialling a new bank card that will allow people to touch their hand to the card when paying rather than typing in a PIN number. The card will work by recognising the user's fingerprint NatWest/PA Wire 5/12 Mahabis bust High-end slipper retailer Mahabis has gone into administration. 2 Jan 2019 Mahabis 6/12 Costa Cola Coca-Cola has paid £3.9bn for Costa Coffee. A cafe chain is a new venture for the global soft drinks giant PA 7/12 RIP Payday Loans A funeral procession for payday loans was held in London on September 2. The future of pay day lenders is in doubt after Wonga, Britain's biggest, went into administration on August 30 PA 8/12 Musk irks investors and directors Elon Musk has concluded that Tesla will remain public. Investors and company directors were angry at Musk for tweeting unexpectedly that he was considering taking Tesla private and share prices had taken a tumble in the following weeks Getty 9/12 Jaguar warning Iconic British car maker Jaguar Land Rover warned on July 5, 2018 that a "bad" Brexit deal could jeopardise planned investment of more than $100 billion, upping corporate pressure as the government heads into crucial talks AFP/Getty 10/12 Spotif-IPO Spotify traded publically for the first time on the New York Stock Exchange on Tuesday. However, the company isn't issuing shares, but rather, shares held by Spotify's private investors will be sold AFP/Getty 11/12 French blue passports The deadline to award a contract to make blue British passports after Brexit has been extended by two weeks following a request by bidder De La Rue. The move comes after anger at the announcement British passports would be produced by Franco-Dutch firm Gemalto when De La Rue’s contract ends in July. The British firm said Gemalto was chosen only because it undercut the competition, but the UK company also admitted that it was not the cheapest choice in the tendering process. 12/12 Beast from the east economic impact The Beast from the East wiped £4m off of Flybe’s revenues due to flight cancellations, airport closures and delays, according to the budget airline’s estimates. Flybe said it cancelled 994 flights in the three months to 31 March, compared to 372 in the same period last year. 1/12 Future product placement will be 'tailored to individual viewers' Marketing executives say that product placement in films and televison shows on streaming services such as Netflix may be tailored to individuals in future. For instance, if data shows that a viewer is a fan of pepsi, a billboard in the background of a shot would host an advert for pepsi, while for a viewer known to have different tastes it could be for Coca-Cola Paramount 2/12 Corbyn wishes Amazon a happy birthday In a card sent to Amazon CEO Jeff Bezos on the company's 25th birthday, Labour leader Jeremy Corbyn writes: "You owe the British people millions in taxes that pay for the public services that we all rely on. Please pay your fair share" 3/12 No deal, no tariffs The government has announced that it would slash almost all tariffs in the event of a no-deal Brexit. Notable exceptions include cars and meat, which will see tariffs in place to protect British farmers Getty 4/12 Fingerprint payment NatWest is trialling a new bank card that will allow people to touch their hand to the card when paying rather than typing in a PIN number. The card will work by recognising the user's fingerprint NatWest/PA Wire 5/12 Mahabis bust High-end slipper retailer Mahabis has gone into administration. 2 Jan 2019 Mahabis 6/12 Costa Cola Coca-Cola has paid £3.9bn for Costa Coffee. A cafe chain is a new venture for the global soft drinks giant PA 7/12 RIP Payday Loans A funeral procession for payday loans was held in London on September 2. The future of pay day lenders is in doubt after Wonga, Britain's biggest, went into administration on August 30 PA 8/12 Musk irks investors and directors Elon Musk has concluded that Tesla will remain public. Investors and company directors were angry at Musk for tweeting unexpectedly that he was considering taking Tesla private and share prices had taken a tumble in the following weeks Getty 9/12 Jaguar warning Iconic British car maker Jaguar Land Rover warned on July 5, 2018 that a "bad" Brexit deal could jeopardise planned investment of more than $100 billion, upping corporate pressure as the government heads into crucial talks AFP/Getty 10/12 Spotif-IPO Spotify traded publically for the first time on the New York Stock Exchange on Tuesday. However, the company isn't issuing shares, but rather, shares held by Spotify's private investors will be sold AFP/Getty 11/12 French blue passports The deadline to award a contract to make blue British passports after Brexit has been extended by two weeks following a request by bidder De La Rue. The move comes after anger at the announcement British passports would be produced by Franco-Dutch firm Gemalto when De La Rue’s contract ends in July. The British firm said Gemalto was chosen only because it undercut the competition, but the UK company also admitted that it was not the cheapest choice in the tendering process. 12/12 Beast from the east economic impact The Beast from the East wiped £4m off of Flybe’s revenues due to flight cancellations, airport closures and delays, according to the budget airline’s estimates. Flybe said it cancelled 994 flights in the three months to 31 March, compared to 372 in the same period last year. "Starting from 2026, our trains will be used by tens of thousands of people every day, transforming links across the Midlands and the North and providing much-needed extra capacity between Britain's major cities." A second Y-shaped phase of HS2 will launch in two stages. Phase 2a from the West Midlands to Crewe will begin in 2027, followed by Phase 2b from Crewe to Manchester, and Birmingham to Leeds, in 2033. 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