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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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EXCLUSIVE: Grayling: next PM will commit to “essential” HS2

Secretary of State for Transport Chris Grayling has insisted that whoever becomes the next Prime Minister will commit to HS2, despite frontrunner Boris Johnson threatening to scrap the £56 billion project by the end of the year.

Speaking at Rail Live in Long Marston on June 20, Grayling described HS2 as “an essential part of the future of the railway” that would be difficult for the winner of the Conservative leadership contest to “step away from”.

While leadership candidate and Foreign Secretary Jeremy Hunt is known to fully support the scheme, his rival Boris Johnson restated his long-held scepticism of HS2 just two days after Grayling’s remarks, when he told a hustings event in Birmingham on June 22 that he had “anxieties about the business case”.

Johnson went on to pledge that a “go or no-go decision” would be made in December over whether to proceed, following an independent review to be conducted by former HS2 Chairman Douglas Oakervee.

Responding to mounting speculation that what will become Europe’s largest construction project could be cancelled, Grayling said: “My view is very straightforward. HS2 has already started, there are already 9,000 people working on the project, and there are pre-works going on around London Euston station and in Birmingham, where a huge amount is happening.

“Although HS2 has some enemies, it also has some powerful friends in the Midlands and in the North. And my judgement, for what it’s worth, is that as long as Allan Cook and Mark Thurston deliver a smooth project that does what I told them it has to do - which is to arrive on budget - then I’ll be very surprised if anyone in government takes a step away from it.”

  • For the FULL story, read RAIL 882, published on July 3, and available digitally on Android, iPad and Kindle from June 29.

  • For FULL coverage of Rail Live 2019, read RAIL 882, published on July 3, and available digitally on Android, iPad and Kindle from June 29.

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  • Duncan Wilson - 13/07/2019 07:58

    Not Boris. He's pledged to scrap HS2. It's one of the reason that I've voted for him in the leadership election. It's time to scrap the white elephants in this country, starting with HS2.

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