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there is British Rail's istification?

13th March 1982, Page 15
13th March 1982
Page 15
Page 15, 13th March 1982 — there is British Rail's istification?
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Which of the following most accurately describes the problem?

iE SCHEME for a single-track il tunnel under the English -wine' seems to be aimed ibstantially at passengers now welling by air. D. P. Williams, itish Railways Board's senior anning officer, told the lartered Institute of Transport at "end-to-end journey times 41/2 hours London to Brussels, 1c141/2 hours London to Paris, iould put rail in a highly )mpetitive position vis-a-vis her means of transport.

On the other hand, there would be no facilities for accompanied cars or roll-on/rolloff freight, which were, he said, the main profit base of the sea ferries. The diversion of such freight traffic to rail would be "limited."

I therefore ask myself whether the market to be opened up by the tunnel would justify its total cost of 065 million.

Could this be why, in the planner's words, "it seems most unlikely that it would be possible to finance the tunnel entirely with risk capital"? Suicide squads are rare in high finance.


People: D. P. Williams
Locations: Brussels, Paris, London

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