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The British Channel Tunnel Group consisted of two banks and five construction companies, while their French counterparts, France–Manche, consisted of three banks and five construction companies. The banks' role was to advise on financing and secure loan commitments. On 2 July 1985, the groups formed Channel Tunnel Group/France–Manche (CTG/F ...
In January 1986 the two governments selected the Channel Tunnel Group/France Manche proposal for the construction of two undersea tunnels. At Canterbury Cathedral on 12 February 1986 the governments signed a treaty approving construction of the Channel Tunnel. In March the concession for the operation of the tunnel was given to Channel Tunnel ...
The Concession Agreement is a binding agreement between the British and French governments entrusting France Manche and the Channel Tunnel Group with the design, financing, construction and operation of the Channel Tunnel for a period of 55 years. The concession was later extended to 2086.
In December 2023, Yann Leriche, chief executive of the Channel Tunnel firm, said he was keen to see direct links from London to a range of German and Swiss cities, including Cologne, Frankfurt and ...
The Channel Tunnel Act 1987 (c. 53) is an Act of the Parliament of the United Kingdom which authorised the construction of the Channel Tunnel between the United Kingdom and France in accordance with the Treaty of Canterbury, which was signed in 1986. Section 2 of the Act forbade any public subsidy of the project.
A road tunnel was proposed in 1979, but not considered viable. Construction of the Channel Tunnel started in 1988 and the tunnel opened in 1994. Automobiles and lorries/transport trucks are loaded onto the Eurotunnel Shuttle's enclosed railway cars (similar to auto rack/motorail railway cars) for the trip through the tunnel. A service road ...
By way of comparison, the 50-kilometer (31-mile) Channel Tunnel linking England and France, completed in 1993, cost the equivalent of £12 billion ($13.6 billion) in today’s money.
The task itself of connecting the two countries under the English Channel was a complex one. Leading the project, he focused on reducing the time delays and had to negotiate with Eurotunnel to agree on who would bear the additional costs. The construction of the tunnel was completed in 1994. [1]