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	Eurotunnel - Wikipedia, the free encyclopedia
		Eurotunnel plc (in the UK) and Eurotunnel SA (in France) make up the Eurotunnel Group, founded in August 1986, which manages and operates the Channel Tunnel between the UK and France.
		The Eurotunnel was once expected to take nearly all business away from cross-channel ferry companies, however the increase in passengers has meant there have been enough customers for both.
		As part of the original deal, Eurotunnel has had to invest in research of another two-storey road tunnel, but for cars only, as the fumes of lorries would be too much.
	en.wikipedia.org /wiki/Eurotunnel (355 words)

	Eurotunnel - Overview - Cheap Ferry Tickets.com
		Eurotunnel manages the infrastructure of the Tunnel and operates accompanied truck shuttle and passenger shuttle (both car and coach) services between Folkestone in the UK and Coquelles in France.
		Eurotunnel shuttle locomotives are the most powerful locomotives in the world, generating up to 7MW (7,500hp), hauling trains of up to 2,400 tonnes, at speeds of up to 90mph (140 kph).
		Eurotunnel's operating revenue for 2003 was £566 million, 41 per cent of which was derived from the railway business and 55 per cent from its shuttle services.
	www.cheapferrytickets.com /eurotunnel (430 words)

	Eurotunnel
		Eurotunnel is to shed 900 jobs from its 3,200-strong workforce, as part of a voluntary redundancy scheme aimed at reducing the capacity of its truck and car shuttle services.
		Eurotunnel is planning to shed about 10% of its 3,205-strong workforce in the UK and France, as part of a restructuring programme aimed at reducing costs and increasing revenues.
		Eurotunnel is to launch a £1m feasibility study into the development of a second Channel tunnel, and possibilities include a £3bn rail tunnel and a £2.7bn road tunnel.
	www.ukbusinesspark.co.uk /eul02784.htm (768 words)

	CNN.com - Eurotunnel posts big 2003 loss - Feb. 9, 2004
		Eurotunnel said it made proposals to the British and French governments as well as its industry and financial partners to cut access charges paid by rail companies who use its tunnel, but that to do this it needed a more stable financial structure.
		Eurotunnel said its 2003 sales fell to 838 million euros from 914 million, and that its interest cover after capital spending was 90 percent compared with 102 percent in 2002.
		Eurotunnel, under siege from a group of rebel shareholders who want to oust management, was hit by spiraling construction costs and is still struggling with massive debt more than nine years after it opened.
	www.cnn.com /2004/BUSINESS/02/09/eurotunnel.results.reut (473 words)

	Eurotunnel - EuroDrive (Site not responding. Last check: 2007-10-22)
		Eurotunnel is a market leader for cross-channel travel between UK and continental Europe and the choice of 2.3 million motorists and 1.3 million truckers in 2003.
		Eurotunnel manages the infrastructure of the Channel Tunnel and operates accompanied truck shuttle and passenger shuttle (car and coach) services between Folkestone, UK and Coquelles, France.
		Eurotunnel also earns toll revenue from other train operators (Eurostar for rail passengers, and EWS and SNCF for rail freight), which use the Tunnel.
	www.eurodrive.co.uk /operators.asp?ID=6&p=Eurotunnel (742 words)

	Guardian Unlimited Politics \| Comment \| Leader: Eurotunnel
		Eurotunnel, the Thatcherite chimera of privately funded infrastructure, is caught on the horns of another Thatcherite principle: shareholder activism.
		The background to yesterday's events is that Eurotunnel, the operator of the Channel tunnel, remains burdened with debts of more than £6bn, the legacy of overoptimistic forecasts made at the time of the tunnel's construction.
		The bigger picture is that Eurotunnel's French shareholders are angry at the poor performance of the state privatisations in the 1990s.
	politics.guardian.co.uk /comment/story/0,9115,1188186,00.html (593 words)

	Telegraph \| Money \| Eurotunnel poised for shares U-turn
		Eurotunnel's chief executive, Jacques Gounon, is poised to backtrack on his promise not to dilute shareholders' stake in the debt-laden Channel Tunnel operator as part of a rescue refinancing with creditors.
		Without a waiver, Eurotunnel cannot negotiate because it is deemed already to be in default on its debts.
		Eurotunnel has already said it is not generating enough cash to begin making capital repayments next January and its auditors are preparing a warning regarding the company's viability as a "going concern".
	telegraph.co.uk /money/main.jhtml?xml=/money/2006/02/23/cnetun23.xml (271 words)

	Eurotunnel Shuttle - Wikipedia, the free encyclopedia
		Eurotunnel Shuttle (also known as Le Shuttle) is a shuttle service between Calais/Coquelles in France and Folkestone in the UK.
		Eurotunnel occasionally run trains at 'half full', closing the top deck to reduce costs.
		HGVs are carried on semi-open wagons, with a separate passenger carriage for the drivers.
	en.wikipedia.org /wiki/Eurotunnel_Shuttle (262 words)

	Guardian Unlimited \| The Guardian \| Eurotunnel begs for rescue plan
		Eurotunnel admitted it faced "fundamental" financial difficulties and would struggle to meet the interest payments due on its £6.4bn debt beyond the end of next year.
		Eurotunnel has already been through four financial restructurings since its stock market flotation in 1987, including a shake-up which pulled it back from the brink of bankruptcy in 1998.
		Eurotunnel's biggest customer, the Eurostar train service which pays to use the track, is owned by government-backed bodies in Britain, France and Belgium.
	www.guardian.co.uk /guardianpolitics/story/0,3605,1144676,00.html (829 words)

	SignOnSanDiego.com > News > World -- Gounon wins Eurotunnel chairman battle (Site not responding. Last check: 2007-10-22)
		A Eurotunnel spokesman declared that peace had broken out, but shareholders – who came in record numbers to the meeting – were more skeptical.
		The meeting was held in Eurotunnel's headquarters near Calais, in the sleepy rural town of Coquelles, and turnout stood at holders of around 46 percent of shares, a record level of participation for the company.
		Eurotunnel and its creditors are set to sit down together this summer to negotiate how to reduce the company's debts.
	signonsandiego.com /news/world/20050617-1138-transport-eurotunnel.html (586 words)

	UTU: News
		Eurotunnel, which was pulled back from the brink of bankruptcy in 1998, proposed cutting the tariffs it charges rail operators to use the 10-year-old undersea link between France and Britain, in a bid to spur traffic and boost revenues.
		Eurotunnel has lambasted those leading the assault on management, arguing that their pledges to cut debt and boost revenues were fanciful and carried serious risks.
		Eurotunnel posted a net loss of 1.89 billion euros, inflated by a 1.85 billion euro impairment charge due to lower than projected future cashflow, as a weak economy and competition with ferry services battered its operating results.
	www.utu.org /worksite/detail_news.cfm?ArticleID=11816 (730 words)

	BBC NEWS \| Business \| How Eurotunnel went so wrong
		By the time Eurotunnel opened in May 1994, it was one year behind schedule and £2bn ($3.6bn) over budget.
		Although Eurostar is a completely separate entity from Eurotunnel, it is linked commercially to the channel tunnel operator because it pays a fee for using the facility, based on traffic numbers.
		The crunch comes this Friday, 17 June, when Mr Gounon and Eurotunnel's other directors confront shareholders at what is sure to be an acrimonious annual meeting in Coquelles, just outside Calais, the French terminus of the tunnel.
	news.bbc.co.uk /1/hi/business/4088868.stm (842 words)

	The Observer \| Business \| Eurotunnel's entente discordante
		Eurotunnel, of course, has lurched from one crisis to another ever since work began on the tunnel in 1987.
		Management at Eurotunnel, under former chief executive Richard Shirrefs, who was removed after a rebellion of French shareholders last week, had a plan that the banks liked the look of.
		As for state help in sorting out Eurotunnel's problems, the British government is not allowed to get involved, barred by the legal arrangements that established the company, while French Ministers have made it known that Paris will not step in with aid, which would almost certainly be deemed illegal state subsidies under EU law.
	observer.guardian.co.uk /business/story/0,6903,1189505,00.html (1375 words)

	Eurotunnel (Site not responding. Last check: 2007-10-22)
		The ease and comfort of the crossing to and from France by Eurotunnel could not be simpler.
		Compared to the sea crossing on the ferry, where you are never away from seeing the sea, the waves, the bad weather and feeling the nausea of sea sickness, the Eurotunnel crossing is incredibly uneventful.
		The one down side to using the Eurotunnel (or ferries for that matter) for villa holidays is that they have you by the short and curlies just as soon as you advise them that you are going for more than just a day's crossing.
	www.villabooker.com /eurotunnel.htm (838 words)

	Bloomberg.com: U.K.
		Eurotunnel will ask creditors to approve a two-month extension to a waiver that would allow talks on its 6.3 billion pounds ($11 billion) of debt to continue until the end of March.
		Eurotunnel shares collapsed in 1994 and 1995, as the tunnel's opening was delayed by a year and as cash ran short.
		Eurotunnel's difficulties stretch back 20 years, when British Prime Minister Margaret Thatcher insisted the project be funded entirely by private investors before she and French President Francois Mitterrand awarded the contract to build and operate the tunnel in 1986.
	www.bloomberg.com /apps/news?pid=10000102&sid=aGIZo5wLCUF0&refer=uk (793 words)

	Eurotunnel
		At this stage the operator company, Eurotunnel, did not exist and was created in October 1986, 6 months after the Concession was signed.
		Eurotunnel is both a provider of infrastructure to the national railways for their Eurostar and through-freight services, and also operates its own shuttle services between a terminal in Folkestone and a terminal in Coquelles near Calais.
		Eurotunnel believe that if a genuine mistake is made and information regarding the mistake and the reasons for it are communicated, then no blame should be attached.
	www.lococarriage.org.uk /eurotunn.htm (2332 words)

	Expatica's French news in English: Eurotunnel rebels bury board
		He reiterated that while Eurotunnel was a private company, it was created to provide a public service.
		Eurotunnel said Wednesday its shareholders had rejected all the resolutions put before them at the meeting, including motions to approve the accounts and to re-elect chief executive Richard Shirrefs.
		He rejected Eurotunnel management's 'Galaxie' restructuring programme and said "there are always several other options" for a large company.
	www.expatica.com /source/site_article.asp?subchannel_id=58&story_id=6444 (364 words)

	BBC NEWS \| Business \| Eurotunnel chairman wins battle
		Eurotunnel chairman Jacques Gounon has won the battle to continue to lead the indebted Channel Tunnel operator.
		He recently stood down from the position of chief executive after a long-running dispute with Mr Gounon over the future of the firm, which is struggling with debts of £6.4bn ($11.5bn; 9.6bn euros).
		Eurotunnel has struggled against tough competition from low-cost airlines and the English Channel ferry operators.
	news.bbc.co.uk /2/hi/business/4104924.stm (485 words)

	Eurotunnel Crossings, timetables and Euro tunnel tickets
		Eurotunnel is the operator of the high speed transport system which links the UK and France through the Channel Tunnel, running between Folkestone and Calais (Coquelles).
		Folkestone, located in Kent on the South East coast of England next to the Straits of Dover is a resort town with excellent communications to London and Europe, and is the home of the Eurotunnel passenger terminal taking freight vehicles, cars and their passengers via the Channel Tunnel to Calais (Coquelles).
		Eurotunnel underground trains operate under the highest safety & security measures & aim to provide one of the fastest & effortless ways of reaching Europe from the UK.
	www.directferries.co.uk /eurotunnel.htm (185 words)

	Scotsman.com Business - Channel Tunnel - Eurotunnel pledges to reduce debt by 100m a year
		THE new board of Eurotunnel yesterday promised long-suffering shareholders and creditors that it intends to deliver a cost-savings and revenue strategy aimed at reducing its debt mountain at the rate of 100 million (£67m) a year.
		Eurotunnel has never been financially viable and since it opened in 1994 has run up a 9 billion (£6.4bn) debt.
		The previous Eurotunnel board and its top managers were ousted after shareholders accused them of failing to safeguard their investment and stem a slide in sales and profits.
	business.scotsman.com /topics.cfm?tid=508&id=780512004 (467 words)

	CNN.com - Eurotunnel strikes $11B debt deal - May 31, 2006 (Site not responding. Last check: 2007-10-22)
		Eurotunnel chiefs say there is no alternative to the debt deal.
		The problems of Eurotunnel, which was founded in 1986, stem from the soaring costs of digging the tunnel linking Britain and France, subsequent delays in the start of train services and much lower traffic than was originally forecast.
		Eurotunnel has a complex debt structure with up to 100 different creditors, mainly broken up into two key groups.
	cnn.com /rssclick/2006/BUSINESS/05/31/eurotunnel.reut/?... (747 words)

	CNN.com - Eurotunnel wants refugee camp shut - August 21, 2001
		A Eurotunnel spokesman told Reuters: "We see this camp as a logistics centre where incursions are planned and strategy is discussed.
		The Eurotunnel writ argued the decision to requisition the camp was "incompatible with the duty of the French state to ensure the security of the French terminal."
		Eurotunnel said it had prevented more than 18,500 illegal immigrants from reaching Britain in the first half of this year.
	www.cnn.com /2001/WORLD/europe/08/21/channel.writ/index.html (337 words)

	UTU: News
		An SNCF spokesman dismissed a report by Britain's Observer newspaper which cited industry sources as saying Eurotunnel's creditors were expected to open talks with SNCF as part of an attempt to secure the company's future.
		Eurotunnel posted an almost two billion euro ($2.5 billion) loss in 2003 and is battling falling revenues and a nine billion euro debt pile.
		Eurotunnel has faced difficulties since its creation in 1987 as construction costs soared and revenues fell short of optimistic forecasts, leaving the firm saddled with debt.
	www.utu.org /worksite/detail_news.cfm?ArticleID=13447 (168 words)

	The Observer \| Business \| Eurotunnel struggles to dig itself out of a hole
		As long as boardroom instability doesn't lead to an impaired service for Eurotunnel's customers, the banks are likely to keep their distance, but their patience is wearing thin.
		Eurotunnel recently disclosed that revenue was falling and customers were continuing to desert it in favour of low-cost airlines and ferries.
		The tragedy for Eurotunnel is that it is profitable at the operating level.
	observer.guardian.co.uk /business/story/0,6903,1366689,00.html (1002 words)

	CBS News \| Troubled Eurotunnel Braced for Rebellion \| June 17, 2005 16:26:24
		At stake is Eurotunnel's strategy for dealing with its massive debt, much of which is now in the hands of dozens of hedge funds.
		Eurotunnel faces an increase in debt repayments at the end of this year and a drop in revenue when minimum fee deals with rail operators like Eurostar expire a year later.
		Eurotunnel opened the 24-mile (39-kilometer) channel tunnel _ or "Chunnel" _ in 1994, but hefty construction costs, high interest charges and competition from ferries and budget airlines have weighed on its business ever since.
	www.cbsnews.com /stories/2005/06/17/ap/business/mainD8APFJBO0.shtml (399 words)

	Technorati Tag: Eurotunnel (Site not responding. Last check: 2007-10-22)
		Eurotunnel Compare Eurotunnel fares and schedules with all major ferry operators.
		Eurotunnel to France from UK Offers cheap channel crossing fares via ferry, eurotunnel and hoverspeed between Dover and Calais.
		I’m typing this from within the Eurotunnel itself, I must admit, I am not as hap as I thought i’d be, after al, we are hundreds of feet under water...
	www.technorati.com /tag/Eurotunnel (367 words)

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