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Concerns raised over French state support for Eurostar
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As lockdown restrictions ease and we start to consider travelling again, the future of cross-Channel operator Eurostar remains uncertain.
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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?
@MalcolmCGodfrey @Oldpanks @steam_museum @cmajrail @jackboskett Oh don’t be daft. I wasn’t at the Battle of Hasting… https://t.co/4W8xizxI9p
So that’s that for the @CAMMetro project. Maybe focus on supporting the Wisbech reopening, Ely Nrth Jct improvement… https://t.co/cpldXNwgjw
French to favour rail over short-haul flights https://t.co/E0h9nFXJx2 https://t.co/HkyKkh3Gls
@PickGS @RailwayMagazine It's been a pleasure working with you Graeme and congrats on your new role from all at RAIL