Close Close

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?

View the poll

Osborne urges HS3 as Grayling backs Northern determination

Former Chancellor of the Exchequer George Osborne has reiterated calls for the Government to build the so-called High Speed 3 railway from Liverpool to Hull.

He has been backed by Secretary of State for Transport Chris Grayling, who in the Yorkshire Post on August 22 acknowledged that poor transport is “holding it back”. Grayling added: “Although one of my biggest priorities… is to build the transport links the North needs to thrive, they must be designed and managed by the North itself.”

Grayling says he wants Transport for the North (TfN) and other Northern bodies to come forward with fully costed proposals to improve journeys for transport users, adding: “We have given TfN £60 million to develop proposals for the scheme , and are working with them to strengthen the business case for the line.

“The success of Northern transport depends on the North itself - on TfN, businesses, mayors and devolved authorities, and on local communities. They understand the North’s transport problems better than anyone, and with their knowledge can fix them.”

  • To read the full story, see RAIL 834, available on iPad and Andriod from August 26, and on the shelves from August 30.

Comment as guest

Login  /  Register


No comments have been made yet.

RAIL is Britain's market leading modern railway magazine.

Download the app

Related content