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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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High-speed group hits back at critical HS2 report

The High Speed Rail Industry Leaders group (HSRIL) has criticised a report by the Greater London Authority Conservatives which argues that Phase 1 of HS2 should be scrapped in favour of Northern Powerhouse Rail and Crossrail 2.

The report says the main arguments for HS2 - capacity, economic growth, reduced journey times and environmental benefits - are “flawed”.

London Assembly member Tony Arbour said HS2’s costs are “indefensible” and that the project is set to “wreak environmental damage across swathes of London”.

He added: “The Government is entirely right to review this project, and I sincerely hope that they conclude that the eye-watering amount of money earmarked for HS2 would be better spent on alternative transport infrastructure projects.

“By investing in both Crossrail 2 and Northern Powerhouse Rail, the Government could achieve so much more for less, both in terms of connectivity and growth.”

In a statement, HSRIL said: "We wholeheartedly support Lord Adonis’ assertion that you cannot pull up by the roots the delivery of a major infrastructure project agreed by both of the major parties."

  • For the FULL story, read RAIL 888, published on September 25, and available digitally on Android, iPad and Kindle from September 21.

  • For an EXCLUSIVE Analysis of HS2 by Jim Steer, read RAIL 888, published on September 25, and available digitally on Android, iPad and Kindle from September 21.

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