Breaking News

Tweet TWEET

GET: Groupe Eurotunnel SA: Eurotunnel launches ETICA to help develop intermodal rail freight

  GET: Groupe Eurotunnel SA: Eurotunnel launches ETICA to help develop
  intermodal rail freight

UK Regulatory Announcement

PARIS

Eurotunnel (Paris:GET) considers that one of its principal missions is to
develop railway traffic between the United Kingdom and continental Europe.
Having introduced several previous measures (Open Access, European
Interoperability Standards – TSI), Eurotunnel is launching ETICA^1 (Eurotunnel
Incentive for Capacity Additions), a system of financial support for railway
operators launching new intermodal rail freight services through the Channel
Tunnel.

The difficulty with opening new services through the Channel Tunnel is not,
contrary to some views, due to the level of access charges, which are very
competitive^2, but to the marketing and service start-up costs and the
controls at Frethun.

The ETICA mechanism, which will be available to all railway operators, will
provide a one off financial support for start-up investments, for 1 year. The
ETICA mechanism, which will be fully funded by Eurotunnel, with no public
subsidy, is based on the Marco Polo aid system, conforms to European
Directives and does not change the access charges set out in the Network
Statement.

Eurotunnel believes that its intrinsic strengths of efficiency and respect for
the environment mean there is potential to further develop rail freight
through the Tunnel.

Eurotunnel Press Contact:
For media enquiries contact John Keefe Consultant on + 44 (0) 1303 284491
Email: press@eurotunnel.com
For investor enquiries contact Michael Schuller on +44 (0) 1303 288749
Email:  Michael.schuller@eurotunnel.com

^1 Document available at www.eurotunnelgroup.com

^2 The access charge for a full freight train (750 meters and 1,800t for a
weeknight crossing at 120 kph) through the Channel Tunnel is approximately
€100 per 40 foot container.

Contact:

Groupe Eurotunnel SA