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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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"Let’s get on with securing orders that will bring more jobs and ‘true manufacturing’ of rolling stock back to Scotland,” - Talgo President

Talgo has reached another milestone as it moves towards the construction of its proposed factory at Longannet (in Fife), with the signing on October 25 of a jointly agreed framework with Scottish Enterprise to establish the site.

This ensures that the Spanish train manufacturer will be ready to deliver contracts should the company be successful in any of its current (and future) bids to build new trains.

The agreement sets out each party’s commitment to ensure the factory is prepared and delivered at an agreed time and to an agreed specification.

  • For the FULL story, read RAIL 891, published on November 6, and available digitally on Android, iPad and Kindle from November 2.

 

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