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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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HS2 Ltd and TUC sign framework deal

HS2 Ltd and the TUC have signed a framework agreement to maximise economic and labour benefits from the new railway, the first phase of which is due to open in 2026.

The TUC supports the construction of the new railway. It says it recognises that at the peak of construction HS2 will create a 25,000-strong newly skilled workforce, as well as up to 2,000 apprenticeships.

HS2 Ltd and TUC have agreed an ‘initial framework agreement’ that sets out how the partners will discuss issues including employment, development, diversity and inclusion of people working throughout the supply chain. There is also provision for a platform for future work package agreements to be agreed directly between the relevant contractors and unions, with support from HS2 Ltd and the TUC.

 



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