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.
May 27, 1994 |
Chunnel Taps Shareholders, Predicting Losses: Operators of the Channel Tunnel said they will need another $2.26 billion to keep the undersea passage from England to France in business over the next few years. Eurotunnel, which opened the tunnel months late and billions of dollars over budget, is nearly broke and says it needs the cash to stay alive until it can break even. The company asked shareholders to put up an additional $1.22 billion and said bankers have agreed to kick in another $1.
May 6, 1994
For the first time since the Ice Age, Britain and the European Continent are physically connected. Dubbed the Chunnel by locals, the English Channel tunnel will be christened by England's Queen Elizabeth II and French President Francois Mitterrand today. Travelers may drive their vehicles aboard Le Shuttle or ride traditional-style Eurostar trains from London and Paris. Cross Comparisons The Eurotunnel will offer travelers another method of crossing the English Channel.
November 26, 1991 |
Just a few months ago, it seemed that all systems were go for the English Channel Tunnel--the first land link between Britain and the Continent since the melting of the Ice Age 10,000 years ago. The underwater tunneling was completed; work continued apace on the $15-billion project that will ferry passengers and freight by rail, and it appeared that June, 1993, start-up deadline would be met.
May 7, 1994 |
Queen Elizabeth II and French President Francois Mitterrand inaugurated the English Channel tunnel Friday, the first land link since the Ice Age between the island of Britain and the European Continent. Both heads of state opened new rail terminals in their respective capitals of London and Paris before meeting at Calais, France, for a ride through the tunnel, which cost $15 billion and took seven years to build.