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Netherlands-London high speed train could disappear as bankruptcy looms for Eurostar [_link]— NL Times (@NL_Times) January 20, 2021
Netherlands-London high speed train could disappear as bankruptcy looms for Eurostar [_link]
Eurostar is owned by: 55% SNCF (French railways), 5% SNCB (Belgian railways), Canadian pension fund 30%, Hermes private equity 10%. No UK nor Dutch government ownership.
Using common logic, you'd think the prospect of Eurostar disappearance would be a more pressing issue for Britons than it would be for Continentals. You'd be wrong.
Seeing a lot of people "saying dont save Eurostar as it belongs to foreigners".Problem is the UK as an island benefits far more from Eurostar than the French & many will just likely fly instead which goes against UK govt's green commitments.https://t.co/XRB7sHwlsd— Nick🇬🇧🇪🇺 (@nicktolhurst) January 18, 2021
Seeing a lot of people "saying dont save Eurostar as it belongs to foreigners".Problem is the UK as an island benefits far more from Eurostar than the French & many will just likely fly instead which goes against UK govt's green commitments.https://t.co/XRB7sHwlsd
`Arm wrestling' to save the Eurostar - Politico.eu
Getlink, the Paris-based company which owns the Channel Tunnel, is also calling for government support for Eurostar, touting the operator's green credentials to the British government and making comparisons with the aviation sector. "In the long term, Eurostar is the transport of the future: fast, frequent, low carbon and with great potential to expand to other destinations. Their business and leisure passengers will be back as soon as conditions allow," said John Keefe, Getlink's director of public affairs. If Eurostar goes under, it leaves a big hole in Getlink's finances, one that's unlikely to be filled by replacing passenger trains with cargo ones.
"In the long term, Eurostar is the transport of the future: fast, frequent, low carbon and with great potential to expand to other destinations. Their business and leisure passengers will be back as soon as conditions allow," said John Keefe, Getlink's director of public affairs.
If Eurostar goes under, it leaves a big hole in Getlink's finances, one that's unlikely to be filled by replacing passenger trains with cargo ones.
What I find surprising is that both Getlink and Eurostar are majority owned by French shareholders. You'd think that people living on an island would have at least a passing interest in the smooth and continuous operation of the only terrestrial link to the Continent, especially in times where empty supermarket shelves are a major concern for the British public.
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