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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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Eurotunnel revenues rise by 5%

Channel Tunnel owner Eurotunnel is claiming a rise in revenues in 2015 to 1.22 billion euros (£930 million), an increase of 5% on 2014.

Shuttle services revenues increased by the same percentage to 579.7 million euros (£440.6m), and its Europorte business increased by 9% to 306.6 million euros (£233m).

The company says that since security improvements were completed in October, there have been no significant intrusions by refugees at its Coquelles terminal. Meanwhile, its truck shuttle operations set a new record in November 2015 with 134,000 lorries using the link.

Eurotunnel also says that its car and coach shuttles outperformed a cross-Channel market that it claims has fallen by 2.7%. Le Shuttle carried 2.5 million cars, and its market share now stands at 52.6%.

However, cross-Channel freight suffered a 17% fall in the number of trains operated and a 14% decline in tonnage carried. Eurotunnel blames this on incursions by migrants into French National Railways’ (SNCF’s) freight terminal at Calais-Frethun.



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