Wednesday, October 28, 2009

Eurotunnel eyes bid for British HSR line

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Groupe Eurotunnel SA may bid for the high speed trainline running from the Channel Tunnel to London, Chief Executive Officer Jacques Gounon said in a radio interview on France’s BFM radio station.

Groupe Eurotunnel is in discussions with possible financial partners for a bid for a long-term concession to operate the rail line, Gounon said. The cost of the concession is estimated to be $2.5 billion, and possibly 30% higher.

Paris-based Groupe Eurotunnel holds the concession to operate Channel Tunnel, as well as terminals in Folkestone in the United Kingdom and Coquelles in France, and railcars that transport cars and trucks.