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Article: Double boost for Channel Tunnel News Analysis: Eurostar's revenues are up and Eurotunnel is acting to c ombat the threatened loss of duty-free sales
- Article from:
- The Independent (London, England)
- Article date:
- March 5, 1999
- Author:
CopyrightCopyright 1999 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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THE CHANNEL Tunnel received a double boost yesterday after
Eurostar reported a big increase in passenger revenues and Eurotunnel
unveiled plans to combat the threatened loss of duty-free sales this
summer.
An aggressive drive to attract business travellers and a radical
cost- cutting programme helped increase revenues by 29 per cent at
Eurostar (UK), the British arm of the high-speed train service to
Paris and Brussels.
Meanwhile Eurotunnel announced that the retail facilities at its
Folkestone and Calais terminals are being taken over by the airports
operator BAA in a 15-year deal. Sir John Egan, the BAA chairman,
outlined an ambitious plan to generate at least pounds 100m in sales
by next ...