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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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Crossrail enters ‘high-risk’ phase with integration and testing

Crossrail is entering the most difficult and challenging phase of its programme, according to Chief Executive Mark Wild.

In a letter dated September 20 to Florence Eshalomi, who chairs the London Assembly Transport Committee, Wild said that while it’s expected the project will be completed within the intended six-month window between October 2020 and March 2021, uncertainty remains due to the significant integration and testing that needs completing.

Wild added: “When taking into account the remaining cost to go, compared with the amount of risk held, we still expect that the project can be delivered within the financing package agreed by our Sponsors in December 2018.”

However, those costs could change. To reflect the uncertainty, forecasts now include additional risk contingency provisions.

“Current projections show a central cost forecast (including risk contingency) of £15,005 million. This is £42m more than the funding committed under the financing package,” wrote Wild.

  • For the FULL story, read RAIL 889, published on October 9, and available digitally on Android, iPad and Kindle from October 5.

     

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  • AndrewJG8918 - 30/09/2019 04:14

    Crossrail should of been completed by December 2019 but somehow it’s not going to be completed by that time and is scheduled to be completed by around mid/late 2020. Or could it be completed by mid 2021.

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