February 9, 1994 |
The Anglo-French company announced that it will miss another opening deadline but admitted that this time there was nobody to blame but itself. The company said it will be unable to meet the March 7 start of freight service and might even have to delay the May 8 start of passenger service because its testing program is taking longer than planned. But co-Chairman Andre Benard told French radio that he still hopes freight services can start in March. The official state opening on May 6 of the $14.
October 12, 1993 |
As the undersea tunnel linking England and France nears its opening, its costs are rising, but revenue projections for the next few years are shrinking. Eurotunnel operators said Monday that they will ask shareholders for at least $767.8 million to avoid running out of cash next spring. The 31-mile Channel Tunnel between Folkestone in southern England and Calais in the north of France is an ambitious work of engineering that may revolutionize travel between Britain and continental Europe.