Rail News: Issue 362 15 May 2009

LCR state aid could mean Eurostar rival

The European Commission has approved a final package of UK state aid for London and Continental Railways in a decision which could lead to rival rail services to Eurostar being set up on the Channel Tunnel Rail Link.

The £5.2bn of aid will be used to pay off London and Continental Railways’ debts paving the way for the sale of the 68-mile High Speed One and LCR's share of Eurostar.

A precondition of the sale is that access charges will be reduced considerably on High Speed One,...

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