GET: Groupe Eurotunnel SA: Groupe Eurotunnel Extends the ETICA Programme to Drive the Development of Cross-Channel Rail Freight

  GET: Groupe Eurotunnel SA: Groupe Eurotunnel Extends the ETICA Programme to
  Drive the Development of Cross-Channel Rail Freight

UK Regulatory Announcement


Rail freight traffic through the Channel Tunnel having increased by 10% in
2013 and by 13% in the first quarter of 2014, Eurotunnel (Paris:GET) has
decided to reinforce its efforts to support the development of this traffic.

ETICA (Eurotunnel Incentive for Capacity Additions) is a programme put in
place in May 2013 which provides aid for a limited period at the start up of
new intermodal freight services. As it has succeeded beyond expectations, it
will be extended to five new categories of traffic (new car transport, food
and drink transported in conventional full train loads, consumer goods,
logistics flows, manufactured goods and permanent distribution and service
flows for rail freight suffering from obstacles outside of the Fixed Link) and
extended to 2018.

In order to optimise the use of the Channel Tunnel for rail freight at night,
charges for off peak hours (from 23:00 to 07:00 on weekdays) will benefit from
a reduction of 25% and the charges for access during maintenance periods will
be reduced to two nights per week instead of the current three. A single
charge will be applied for maintenance periods, irrespective of the number of

Eurotunnel has also ensured that the surcharge established by Réseau Ferré de
France for security at Fréthun will be removed.

On top of these changes, Eurotunnel will commit to not increasing its freight
charges until the end of 2018.

The goal is to generate a doubling of the number of trains to 5,000 per year
in 2018. This objective could be achieved more easily if the other involved
parties, amongst whom the principals are RFF and Network Rail supported the
creation of a European Freight Corridor between Continental Europe and the
United Kingdom and helped to remove the barriers which limit interoperability
between networks.

These conditions will enter into service from June 2014 – following
consultation with the Intergovernmental Commission and the other parties.

They conform to European legislation and the founding texts of the Concession.
The European Commission has confirmed that the general principals of
Eurotunnel’s access charging structure conform with European regulation and
has just notified the two governments that the infraction proceedings
mentioned in the Reasoned Opinion of 20 June 2013, linked to the level of
Tunnel access charges and the allocation of capacity will be dropped.

^1 Which will lead to a 33% reduction in tariff for the 1A offer

Eurotunnel Press Contact:
For UK media enquiries,
John Keefe, + 44 (0) 1303 284491
For investor enquiries,
Michael Schuller, +44 (0) 1303 288749


Groupe Eurotunnel SA
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