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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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Freight achieves new highs in punctuality

Known as the Freight Public Performance Measure (PPM), this is the second highest recorded since the dataset began in 2005 (the highest being 81.2% in the previous quarter). And the Freight PPM Moving Annual Average is now 76.9%, the highest ever.

The figures were published by the Office of Rail Regulation, which has released sets of official statistics covering PPM, Cancellations and Significant Lateness (CaSL) and Signals Passed at Danger (SPADs) for the July-September 2014 period.

The franchised train operator with the highest proportion of CaSL in the quarter was CrossCountry (5.3%), followed by East Coast and Southern (both 5.1%). c2c was the best performer, with 1.6% of trains cancelled or arriving at their destination more than 30 minutes late.

  • For more information, see RAIL 762, published on November 26.

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