Independent journal on economy and transport policy
01:39 GMT+2
EUROTUNNEL WINS 34-YEAR CHANNEL TUNNEL EXTENSION
(Sched Net)
December 31, 1997
EUROTUNNEL has pledged to boost the flow of railfreight through the Channel Tunnel linking Britain and France after winning a 34-year extension to its operating right.
The company will be able to operate the Tunnel until 2086. In return, the British and French governments will jointly receive 59 per cent of the profits, including tax, after 2052.
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