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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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"Passengers won’t believe this is not fake news!" - Transport Focus Chief on fare increases

Transport Focus has criticised today’s fare rises.

Chief Executive Anthony Smith said: “Passengers won’t believe this is not fake news! Rail fares are going up in January after a year blighted by timetable chaos, poor performance and strikes. Until day-to-day reliability returns, with fewer significant delays and cancellations, passenger trust won’t begin to recover.

“Passengers now pour over £10 billion a year into the railway alongside significant government investment, so the rail industry cannot be short of funding. When will this translate into a more reliable services that are better value for money?

“The Government’s Rail Review must bring changes to the industry that benefit passengers. It’s also time for a fairer, clearer fares formula based on a calculation that uses the Consumer Prices Index, rather than the discredited Retail Price Index.”

  • For the FULL story, read RAIL 870, published on January 16, and available digitally on Android, iPad and Kindle from January 12.

 

 

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