WHY NOT BUILD A CHANNEL TUNNEL
This article is comprised of two parts. The first is written with acknowledgement to Eurotunnel, the private sector Anglo-French group that has been granted a concession to develop, finance, construct and operate the Channel Tunnel between the UK and France. It discusses Eurotunnel's mandate and describes the planned tunnel system, discussing expected competitive advantages, system capacity, construction plans, and financing. Projections are offered as to system traffic, revenues, and expected profits. The second part of the article, headed "All Aboard for Lots More Chunnels" reprints material from The Economist of October 1987, shortly before shares in Eurotunnel were due to be offered to the public. It discusses the underwriting of the project, the ease or difficulty of carrying out the various phases of construction, the attitude of the public toward the stock offering, and the probable future financial performance of the shares. It is emphasized that success of the private financing method could lead to numerous similarly-financed projects in the UK, the United States, and elsewhere.
- Journal article
- Publication Date: 1988
- Pagination: 25 p.
- Journal of the Honourable Company of Master Mariners
- Volume: 17
- Issue Number: No.194
- TRT Terms: Construction; Financing; Profitability
- Identifier Terms: Channel Tunnel
- Subject Areas: Construction; Marine Transportation;
- Accession Number: 00656075
- Record Type: Publication
- Source Agency: Maritime Technical Information Facility
- Files: TRIS
- Created Date: Jul 21 1994 12:00AM