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The Eurostar crisis continues with its future in balance

Uncertainty continues around the Euro star as it is only only making one trip a day, due to COVID19 restrictions.

With advanced talks to secure funding from the UK and France in order for it to get through the CIVID19 crisis. Though the acknowledgement of its importance by both the UK and Europe it has taken a looming cash crunch to get both parties on the same table.

The Eurostar is owned by the French and Belgian railways plus two international investment houses, which bought Britain’s 40 per cent stake in Eurostar’s parent company in 2015. The nationalized French railway SNCF has the largest share, with 55 per cent.

Though the UK having no involvement in the stats mentioned, the Euro star provides a vital, low carbon link between the UK and mainland Europe. The Eurostar in addition is a registered UK registered company with its head office in London it furthermore supports over 3000 jobs as a consequence.

Though no support of the British taxpayers so far, the Euro star contributes £800 million each year to the UK economy. With trips from London to Paris, Brussels and Amsterdam with 80-90 per cent less greenhouse gas emissions per passenger than the equivalent short-haul flights.

Though there is clear and strong case for the maintenance of this physical connection between the UK and Europe with its overwhelming evidence of benefit. It is unclear who’s court the ball is in, the UK has left the European Union and has stated that it is not a British company with France having a majority ownership of the service. Garnering a strong feeling in Westminster that financial commitment should not be led by Paris.

With both nations working on roadmaps out of lockdown and looking to recover from the economic setbacks endured. Demand is inevitable to return for the Eurostar but how that will be served is yet to be revealed.

RTM AUG/SEP 22

RTM AUG/SEP 22

The Great Electrification Of Scotland's Railways

The anticipated August/September edition of RTM is now up and running, loaded with insights and analysis of upcoming rail projects, innovations and the ambitions across the UK sector. We invite you to dive in to hear from the likes of Toufic Machnouk, Director, Industry Partnership for Digital Railway at Network Rail and Jenny Gilruth, Scotland’s Minister for Transport as she discusses the great electrification of Scotland’s railways. This just a tantalising taste of the great stories that we have to offer, so dig in and enjoy the informative fun. 

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TransCityRail is a series of regional, interactive and insightful events across the country bringing together leaders, collaborators, problem solvers and innovators in a creative and invigorating way.
 

This series of events supports and informs the whole of the rail industry and connects suppliers with buyers, specifiers, leaders and decision-makers looking to procure a wide variety of innovative products and services for their region.

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The Green Rail Revolution

Maria Machancoses, Director of Midlands Connect discusses the importance of HS2 to the Midlands and the UK, their collaborative work with the Department for Transport, and how we need to embrace the railways again.

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