Britain and the Channel Tunnel (Government Official History by Terry Gourvish
By Terry Gourvish
Commissioned by way of the cupboard place of work and utilizing hitherto untapped British executive files, this booklet offers an in-depth research of the profitable venture of 1986-94. This is a brilliant portrayal of the complexities of quadripartite decision-making (two nations, plus the private and non-private sectors), revealing new insights into the function of the British and French Governments within the procedure. this crucial ebook, written by way of Britain’s best delivery historian, should be crucial examining for all these attracted to PPPs, British and European economic history and diplomacy. The construction of the Channel Tunnel has been considered one of Europe’s significant initiatives and a sworn statement to British-French and public-private zone collaboration. notwithstanding, Eurotunnel’s present monetary trouble offers a sobering backcloth for an exam of the British Government’s long term flirtation with the undertaking, and, specifically, the sooner Tunnel undertaking within the Sixties and early Seventies, which used to be deserted by means of the British govt in 1975.
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Extra resources for Britain and the Channel Tunnel (Government Official History Series)
The construction of a Channel Tunnel would make it easier for European manufacturers to compete effectively in our home market’. 43 Young, the British Minister in Paris, was disappointed with the response. 44 The inter-departmental study was neither a deep nor rigorous affair. Undertaken in a few weeks, it drew on a conventional, and rather gloomy, memorandum prepared by the British Transport Commission. The origins of this document lay in a report by Leslie Harrington to the Commission’s shipping and international services’ sub-commission in March 1957, which was as cautious as the Southern Railway responses had been in the 1920s and 1930s.
This was the first of a number of visits. Later on, accompanied by Buchan, he spoke to officials in the Foreign Office, the British Embassy in Paris, and the French Ministry of Public Works. P. 26 The move was followed, in July, by the creation of a more substantial Channel Tunnel Study Group (CTSG). The new Group was operated as a financial syndicate, putting up an initial sum of £100,000, later raised to £255,000. Stakes were held by the old British and French tunnel companies (30 per cent each), the Suez Co.
With two islands. 2 m. 9 m. with two islands. d £110 m. ϩ £20 m. for terminals and rolling stock. 0 m. in 1965 and £21 m. in 1980. 5 m. 9 m. in 1980. Net revenue here excludes ‘indirect revenue’ estimated in the July report. Source: CTSG, Report 28th March 1960, pp. 11, 20, 22–5, enclosed in Kirkpatrick-Macmillan, 29 March 1960, PREM11/3576, PRO; CTSG, ‘Economic Benefits of a Channel Tunnel: July 25, 1960’, p. 19 (MT124/1090, PRO). 1). The promoters did not spell out the operating economics on which their optimism was founded, however, and their financial survey provided some surprises for those who had been encouraged to believe, during the three years of preparatory evaluation, that the private sector would bear all of the risk.