GET: Groupe Eurotunnel SA: IGC’s decision: Eurotunnel is right to recover
all its costs through the tolls
UK Regulatory Announcement
Eurotunnel (Paris:GET) notes the decision handed down by the Inter
Governmental Commission today, following the complaint issued by Eurostar, the
high speed train operating subsidiary of SNCF. The IGC confirms that
Eurotunnel must be able to cover the long term costs of the Fixed Link via the
access charges paid by the railway operators using the Channel Tunnel in
accordance with the terms set out in the RUC. Eurotunnel uses this method of
long term costs recovery in accordance with article 8.2 of European Directive
2001/14. The IGC recognizes this underpins the economic model used by the
Channel Tunnel and brings benefits to its customers, shareholders, investors
Eurotunnel, concessionaire of the Channel Tunnel Fixed Link has a particularly
favourable management to the railway operators as only 16% of the costs of
operating the Tunnel are charged to railway undertakings. The railway
undertakings have benefited from a right to audit these costs since the
Eurotunnel will continue to supply the regulator (The IGC) in strict
accordance with the European directives with all the necessary details.
Eurotunnel continuously improves the quality of its reference document in
order to make it as complete as possible. The railway reference document, the
Network Statement, has been published on the Eurotunnel internet site since
the start of open access in the market in 2007. It makes no discrimination
between the different rail operators, even if this notion is currently virtual
given Eurostar‘s monopoly.
In line with its tradition of transparency, Eurotunnel has already published
on this site the pricing structure together with several explanatory
The Channel Tunnel provides a fixed link between the United Kingdom and
France, financed entirely by private investments.
For media enquiries
John Keefe on + 44 (0) 1303 284491
For investor enquiries
Michael Schuller on +44 (0) 1303 288749
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