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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: HS2 chairman dismisses speculation over Leeds route

Reports that the HS2 route to Leeds will not be built have been described as “speculation” by HS2 Ltd Chairman Allan Cook CBE.

Speaking exclusively to RAIL on July 16, Cook said: “I and Douglas Oakervee both said it was essential to build the ‘Y-shape’ route. Speculation that it won’t happen is just that - speculation. If we are to help the UK benefit and level up the economy, we have to continue with this.”

Cook wrote a stocktake for Government last year that was published in September, while Oakervee carried out a review that was published in February.

HS2 finally received its Notice to Proceed in April this year, having received Royal Assent for Phase 1 in February 2017.

The latest speculation follows concern that HS2’s eastern section may not be built (RAIL 909), and that trains will run to the North West first despite the Benefit:Cost Ratio (BCR) for HS2 to Leeds being twice that of Manchester.

  • For the FULL story, read RAIL 910, out now.

 

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  • Ade - 19/08/2020 11:58

    Phase 2b will not get built, the business case for HS2 has virtually collapsed

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