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Article: Eurostar shrugs off Channel Tunnel link fears as revenues surge by 12%
- Article from:
- The Independent (London, England)
- Article date:
- January 17, 2001
- Author:
CopyrightCopyright 2001 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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EUROSTAR SHRUGGED off doubts about the completion of the Channel
Tunnel Rail Link yesterday as it reported a strong rise in revenues
for last year and a further reduction in operating losses.
Responding to fears that Railtrack's debt burden may prevent it
from going ahead with the second phase of the pounds 4.5bn link to
London, David Azema, the chairman of Eurostar Group, said: "There are
a lot of other companies who would be able to build the line into
London. There are other ways to complete the link apart from
Railtrack."
London & Continental Railways, which is overseeing the building of
the pounds 2.5bn second phase, also said Railtrack's current
situation would not delay completion ...