Is the Eurotunnel still in debt?

Eurotunnel is now highly profitable, after a difficult start when it was held down by massive debts from the tunnel construction. Debt restructuring in 2007 reversed the company's fortunes — at the expense of thousands of small shareholders who saw their holdings slashed in value.



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The group has debts of more than £6 billion and media reports suggest directors are keen on offering a debt-for-equity swap for as much as £2bn of the debt, UK national newspapers reported this week.

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Financing Eurotunnel. Eurotunnel is the largest privately- financed infrastructure in history by a long way. In what it has achieved it has been a stunning success—in its current financial situation it is obviously also a failure at this stage if measured by return on investment.

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Eurotunnel is now highly profitable, after a difficult start when it was held down by massive debts from the tunnel construction. Debt restructuring in 2007 reversed the company's fortunes — at the expense of thousands of small shareholders who saw their holdings slashed in value.

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The project was financed entirely by private sector capital, including five banks who were part of the TransManche Link consortium. Financing originated partly from investment by shareholders and partly from GBP8 billion of debt (about USD12. 2 billion, 1994 prices).

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The carriage is lit and there are toilet facilities available. You can get out and walk around, but there is nowhere to go. Toilets are fine. You mustn't smoke or take flash photos because they have smoke and flash detectors that are very sensitive and can stop the train.

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The Eurostar Group, the merger of high-speed train operators Thalys and Eurostar, transported 14,8 million passengers last year and posted a turnover of over 1,53 billion euros, two and a half times more than a year earlier. As a result, profit before Ebita reached a record level of 332 million euros.

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The cost of flights and car hire has significantly increased since the pandemic, making Eurotunnel a much cheaper way to travel to Europe, particularly for groups and families. If you have multiple people in your car it's likely to work out cheaper than flights.

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It is 50.5km long and comprises an undersea section of 38km, still the longest in the world.

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Monopoly tunnel Eurostar has been the sole operator of passenger services on the line since its opening in the early 1990s, with these running between London and various destinations in Europe, including Paris.

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A spokesperson for Eurotunnel Le Shuttle said: A train has broken down in the tunnel and we are in the process of transferring customers to a separate passenger shuttle via the service tunnel, to return to our Folkestone terminal. We apologise sincerely for this inconvenience.

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The tunnel does leak, but it is designed to. Seawater from the rocks above the tunnel drips through and is then pumped away.

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1 Acetylene (Oxy-acetylene) and toxic gases; 2.4. 2 Vehicles powered by or which run on Hazardous Goods including Liquid Petroleum Gas (LPG) (Butane or Propane), Liquid Natural Gas (LNG), Compressed Natural Gas (CNG) or any other flammable gas.

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If you are travelling on LeShuttle, which uses the Channel Tunnel, you stay in your car during the 35 minute journey from Folkestone to Calais. Once your car is loaded onto the deck of its shuttle and your crossing starts, you can leave your car to stretch your legs or use the on board toilets.

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Can you stay overnight at Eurotunnel Calais? If you look out for the 'Paws' sign to the far right as you approach the booths you can go into the Pet Passport parking area and stay there overnight.

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Soon after the start of operations, Eurotunnel reached a delicate financial situation which resulted from the escalation of construction costs, a large overestimation of the cross-Channel market and the underestimation of the cross-Channel ferry operators' competitive response which led to a very damaging price war.

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