Financing Eurotunnel JRTR（欧洲隧道公司融资JRTR）.pdfVIP

F Big Project Financing e a Financing Eurotunnel t Michael Grant tunnels connecting Britain to continen- ated by the British, French and Belgian Background tal Europe from terminals in Folkestone railways uEurotunnel is the largest privately- in Kent, and Coquelles near Calais in • Rail freight services operated by the northern France. The three tunnels are British, French and Belgian railways financed infrastructure in history by a 50-km long, with 38 km under the sea. The first Le Shuttle carrying passengers long way. In what it has achieved it has They are bored some 40 meters below and their cars journeyed to France on 22 rbeen a stunning success—in its current the seabed in a layer of impervious chalk December 1994. financial situation it is obviously also a marl. Two are single-line rail tunnels, the Each shuttle has a locomotive at each end failure at this stage if measured by return third is a smaller service tunnel. It runs and travels at 140 km/h. Normal cross- on investment. This makes Eurotunnel e between the other two and acts as a per- ing time is 35 minutes, and the service unique and interesting in all sorts of ways. manent safe haven. operates 24 hours a day every day of the The intention of