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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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MTR and First partner for South Western bid

MTR Corporation (UK) will join First Group in a joint venture to bid for the South Western franchise following the assent of the Department for Transport. MTR will take a 30% stake in the joint venture.

Announcing the arrangement, First Rail Managing Director Steve Montgomery said: “We have extensive expertise of running commuter, inter-urban, regional and long distance services – such as those that make up the South Western franchise – and a strong track record in delivering passenger growth. MTR runs successful suburban and commuter railways; its knowledge from running London Overground and TfL Rail on behalf of Transport for London will add further depth and understanding to an important component of this franchise.”

He said that together the two companies will develop an ‘innovative and value for money proposal’ for the franchise.

First was shortlisted along with Stagecoach group in February to bid for the franchise.

  • For more on this, read RAIL 804, published on July 6.

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  • Andrewjgwilt1989 - 17/06/2016 14:01

    Along with 30 Class 707's which is to be built next year and to be used on London Waterloo-Reading and London Waterloo-Windsor & Eton Riverside routes and London Waterloo-Guildford peak hour service.

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