Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: SUNDAY, December 19, 1993 TAG: 9312190060 SECTION: NATIONAL/INTERNATIONAL PAGE: A-15 EDITION: METRO SOURCE: DATELINE: LONDON LENGTH: Short
In ceremonies last week, the Anglo-French consortium that built the 23.6-mile long tunnel handed it over to Eurotunnel, the firm that holds an operating concession until 2042. Dignitaries popped champagne corks and took round-trip train rides between London and Paris.
"I took my wife to Paris by train last weekend," crowed Sir Alastair Morton, the tough, often-abrasive chief executive of Eurotunnel who is given much credit for bulldogging the project to conclusion. "It took us three and a half hours, London to Paris. Not bad."
When the tunnel opens for business, it will be a year late. It will have cost nearly $15 billion, more than twice the original estimate. Despite optimistic Eurotunnel projections, some analysts predict it will lose money for decades. - Associated Press
by CNB