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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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HS2 and Northern Powerhouse Rail vital for growth

The importance of the full delivery of both HS2 and Northern Powerhouse Rail is the central theme of Connecting Britain - a new campaign by business and political leaders in the North.

The campaign was launched on September 3 in the wake of the Government announcement of an independent review of HS2 (RAIL 886).

“A green light on HS2 and NPR in full would be a clear signal from the government that it recognises that historic underinvestment in strategic transport infrastructure outside London is a trend that must be reversed if all communities are to be levelled up and regions rebalanced,” said Sir Richard Leese, Leader of Manchester City Council and campaign partner of Connecting Britain.

Members believe that the North is overdue major investment into transport infrastructure, and that a lack of investment is holding back productivity.

  • For the FULL story, read RAIL 887, published on September 11, and available digitally on Android, iPad and Kindle from September 7.

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  • AndrewJG8918 - 05/09/2019 02:10

    But HS2 is now expected to cost at least £22billion more. Which I think the Prime Minister Boris Johnson, Grant Shapps (Secretary of State for Transport) who took over from Chris Grayling and the Government to pay for HS2 despite being over budget. And is scheduled for 1st Phase to be completed around 2027/28 or 2030/31.

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