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As lockdown restrictions ease and we start to consider travelling again, the future of cross-Channel operator Eurostar remains uncertain.
Eurostar is seeking financial support from the UK Government, citing higher access charges here as a reason.
The French Government has pledged to provide support for the operator, while £200 million has been provided by one of its shareholders, Caisse de Dépôt et Placement du Québec (CDPQ) and Hermes Infrastructure.
Registered in the UK and supporting 3,000 jobs either with the business or in the supply chain, the company is, however, 55% owned by SNCF (French state rail), 40% by CDPQ/Hermes and 5% by SNCB (Belgian state railways).
So: Should the UK Government provide financial assistance to Eurostar?

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London Underground Croxley Rail Link

London Underground will take over delivery of the Croxley Rail Link following an agreement reached with the Department for Transport and Hertfordshire County Council over funding.

Building work to re-route and extend the Metropolitan Line to Watford Junction is planned to begin later in the year. It will deliver two new stations at Cassiobridge and Watford Vicarage Road. The existing Watford station will close once the new stations open.

The first trains are expected to run on the extended line by 2019.

It is intended that the plan will support the growth and regeneration in the area, creating new links to Watford General Hospital, Croxley Business Park and Cardiff Road Industrial Estate, which will increase employment opportunites.

LU Director of Major Programme Sponsorship David Hughes said: “Late last year, faced with significant project slippage and cost escalation, the Government asked us to consider stepping in and taking over responsibility for delivery of the scheme. We were clear that a suitable funding package needed to be in place before we would be prepared to take this on.”

 

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