Govt tread carefully
15th November 1980, Page 19
15th November 1980
Page 19
Page 19, 15th November 1980
— Govt tread carefully
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THE GOVERNMENT hopes to re ceive substantive proposals fo a Channel Tunnel, includini financial details, by the end o the year.
Junior Transport Ministe Kenneth Clarke, announcing thi: in the Commons, said that th( British Rail-SNCF scheme wa: only one of several being inves tigated.
He emphasised that the Gov ernment would not put risk capi tal into any kind of project —th( commercial risk should be taker by those financing the scheme If the Government was to can cel the scheme in midstream fo political reasons there would b( some obligation to make goo( the financial loss.
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Kenneth Clarke