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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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New interim chairman for Rail Supply Group

Gordon Wakeford, Managing Director, Mobility Division for Siemens plc, has been appointed interim industry chairman of the Rail Supply Group (RSG).

He replaces former co-chairman Terence Watson, who stepped down from the role last month amid allegations of corruption during his time at Alstom (RAIL 799).

Wakeford is also Chairman of the Railway Industry Association, which represents UK-based suppliers to the world’s railways.

“By working with the RSG council, in partnership with UK Government, my first task will be to ensure that we maintain the momentum achieved post the launch of our Fast Track to the Future strategy,” he said.  

  • For more on this, read RAIL 801, published on May 25.

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