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Getlink, formerly Groupe Eurotunnel, is a public company which manages and operates the Channel Tunnel
Channel Tunnel
between England
England
and France, including the Eurotunnel Shuttle
Eurotunnel Shuttle
vehicle services, and earns revenue on other trains through the tunnel ( DB Schenker freight and Eurostar passenger). It is listed on both the Euronext
Euronext
London and Euronext Paris
Paris
markets, and was listed on the London Stock Exchange
London Stock Exchange
until 19 July 2012.[2][3] The company is based in Paris. The railway operation has 50.45 kilometres (31.35 mi) of double track railway in the main tunnels, plus extensive surface level terminal facilities at Folkestone in England
England
and at Calais in France; the operation is entirely self-contained, with connections near the two terminals to the respective national railway networks. Signalling and electric traction supply at 25 kV AC are also under Getlink control. Train operation consists of shuttle trains conveying cars and coaches and other trains conveying heavy goods vehicles between the two terminals. Other trains using Getlink
Getlink
infrastructure are operated by the respective owners. In November 2017, Groupe Eurotunnel was rebranded Getlink.

Contents

1 History 2 Operations and services

2.1 Car shuttle 2.2 Freight 2.3 Passenger services 2.4 Samphire Hoe

3 Rolling stock 4 See also 5 References 6 Further reading 7 External links

History[edit] The company was formed on 13 August 1986, with the objective of financing, building and operating a tunnel between England
England
and France.[4] The company awarded a contract for the construction of the tunnel to TransManche Link (TML). The tunnel cost around £9.5bn to build, about double TML's original estimate of £4.7bn.[5] The tunnel was financed partly from investment by shareholders and partly from £8bn of debt, and was officially opened on 6 May 1994 by Queen Elizabeth II, and President François Mitterrand.[4] In its first year of operation the company lost £925m because of disappointing revenue from passengers and freight, together with heavy interest charges on its £8bn of debt.[6] In April 2004, a dissident shareholder group led by Nicolas Miguet succeeded in taking control of the board. However, in February 2005, Jean-Louis Raymond, the Chief Executive appointed after the boardroom coup, resigned and Jacques Gounon took complete control becoming Chairman
Chairman
and Chief Executive.[7] In July 2006, shareholders voted on a deal which would have seen half the debt, by then reduced to £6.2bn, exchanged for 87% of the equity.[8][9] However this plan failed, and on 2 August 2006, the company was placed into bankruptcy protection by a French court for six months.[10] In May 2007, a new restructuring plan was approved by shareholders, whereby Deutsche Bank, Goldman Sachs
Goldman Sachs
and Citigroup
Citigroup
agreed to provide £2.8bn of long term funding, the balance of the debt being exchanged for equity, and the shareholders agreed to waive the unlimited free travel and other perks that they had enjoyed.[11] In June 2007, the company entered into a partnership through subsidiary Europorte
Europorte
2 with the Port of Dunkirk relating to rail freight traffic; the company was to operate trains from Dunkirk to the Delta 3 logistics terminal at Dourges, and collaborate on container shipments to the United Kingdom, using the port of Dunkirk via the tunnel.[12][13] Following the restructuring, Eurotunnel was able to announce a small net profit in 2007, of €1 million, for the first time in its existence.[14][15] Half year earnings for 2008 rose to €26 million (£20.6m). The net profit for 2008 was €40 million, despite the costs associated with traffic loss from September 2008 to February 2009, following a fire in the tunnel, and this allowed Eurotunnel to issue its first ever dividend of €0.04 per euro value.[16][17] The return to financial health allowed the company to announce on 28 October 2009, the anticipated voluntary redemption of some of its convertible debt. By anticipating to November 2009 the reimbursement of debt due in July 2010, it aimed to issue up to 119.4 million new ordinary shares, and thus shore up its capital while reducing its debt load.[18] In December 2009, the company and SNCF
SNCF
acquired Veolia Cargo, splitting the business between them. The company took over French operations: Veolia Cargo France, Veolia Cargo Link and CFTA Cargo are expected to be rebranded Europorte
Europorte
France, Europorte
Europorte
Link and Europorte
Europorte
proximity and become part of its Europorte
Europorte
freight business. Socorail has not been announced as being rebranded.[19] In January 2010, the Port of Dunkirk awarded the company a seven year concession, to operate its 200 km (124 miles) railway system.[20] In June 2010, the company acquired British railfreight company First GBRf for £31 million from FirstGroup, to be merged into its Europorte. It was rebranded GB Railfreight[21][22] On 11 June 2012, a bid by the company for three Channel ferries belonging to the former operator Sea France
France
(in liquidation) for lease to another operator was accepted.[23] On 11 June 2012, Eurotunnel acquired the assets of Sea France
France
ferries Berlioz, Rodin and Nord Pas-de-Calais. They were chartered to start the MyFerryLink
MyFerryLink
ferry company on 20 August 2012, owned by Eurotunnel.[24] In the year 2015, statistics estimate that over 10.5 million passengers travelled on the Eurotunnel with 2,556,585 cars, 58,387 coaches and 1,483,741 goods vehicles making use of Eurotunnel's services. [25] In November 2017, Groupe Eurotunnel was rebranded Getlink.[26][27] Operations and services[edit] Car shuttle[edit] Main article: Eurotunnel Shuttle The company operates shuttle services with Eurotunnel Class 9 locomotives. Freight[edit] Main article: Europorte Europorte
Europorte
operates freight trains in France, as well as the cross channel freight services performed by Europorte
Europorte
2 before 2009. Since the part acquisition of Veolia Cargo in 2009, it also provides rail transport services to industrial locations through Socorail. Passenger services[edit] Passenger services are operated by Eurostar, who has a practical monopoly on tunnel passenger services. Eurotunnel levies charges on Eurostar
Eurostar
(currently £25 per passenger per return journey) and other operators for use of the tunnel.[28] Deutsche Bahn
Deutsche Bahn
planned to operate passenger trains between London and Frankfurt, Amsterdam
Amsterdam
and Cologne
Cologne
using the tunnel; planning started around 2005, but the plans were shelved in February 2014, because of the special safety and security requirements in the tunnel.[29] Samphire Hoe[edit] The company also owns the small nature reserve of Samphire Hoe
Samphire Hoe
on the coast of the United Kingdom, which was created from Channel Tunnel spoil during construction in the 1980s/90s. The road tunnel down, the ventilation area and the reserve itself are all owned by Eurotunnel. Rolling stock[edit]

 Class  Image  Type   Top speed   Number   Routes operated   Built   Notes 

 mph  km/h 

Class 9

Electric locomotive 100 160 58 Channel Tunnel 1993 Used for vehicle shuttles

Class 92

Electric locomotive 87 140 16[30] Channel Tunnel 1993 Used by Europorte
Europorte
Channel for freight services

Class 0001

Diesel locomotive 60 100 5 Rescue locomotive 1992

Class 0031

Diesel locomotive 31 50 12 Shunting 1990

See also[edit]

High-speed rail in Europe Irish Sea Tunnel

References[edit]

^ a b c d e f Groupe Eurotunnel SE 2014 Registration Document ^ http://www.eurotunnelgroup.com/uploadedFiles/assets-uk/Media/Press-Releases/2012-Press-Releases/120719NYSE-Euronext-Londres-UK.pdf ^ http://www.eurotunnelgroup.com/uploadedFiles/assets-uk/Media/Press-Releases/2012-Press-Releases/120620NYX-welcomes-Groupe-Eurotunnel.pdf ^ a b "History". Eurotunnel. 1984-11-30. Archived from the original on 2010-11-23. Retrieved 2010-04-27.  ^ O'Connell, Dominic (2006-01-08). "Channel tunnel project has made Britain £10bn poorer". The Times. Archived from the original on 2011-06-12. Retrieved 2013-12-17.  ^ Ipsen, Erik (1996-04-23). "Bank debt causes £925m loss at Eurotunnel". International Herald Tribune. Retrieved 2010-04-27. [dead link] ^ Norris, Floyd (2005-06-11). "Chief of Eurotunnel quits amid turmoil on board". The New York Times. Retrieved 2013-12-17.  ^ "Eurotunnel faces debt opposition". BBC News. 2006-06-04.  ^ Harrison, Michael (2006-07-14). "Eurotunnel blames Deutsche as it files for bankruptcy protection". The Independent. London. Archived from the original on 2007-11-20. Retrieved 2010-05-02.  ^ "Eurotunnel gets court protection". BBC News. 2006-08-02. Retrieved 2006-08-03.  ^ "Eurotunnel 'saved' by investors". BBC News. 2007-05-25. Retrieved 2007-05-26.  ^ " Channel Tunnel
Channel Tunnel
freight deal follows crucial vote", www.railwaygazette.com, 1 July 2007  ^ "Eurotunnel and the Port of Dunkirk together on rail freight", www.usinenovelle.com (in French), 15 June 2007  ^ "Pour la première fois de son histoire, Eurotunnel est devenu bénéficiaire". Le Monde. 2008-04-08. Retrieved 2008-07-19.  ^ "PEurotunnel reports first profit". BBC News. 2008-04-08. Retrieved 2009-10-28.  ^ "Premier dividende pour les actionnaires d'Eurotunnel". Le Figaro. 2009-03-04. Retrieved 2009-03-04.  ^ "2008 Summary". Groupe Eurotunnel S.A. 2009-03-23. Retrieved 2009-10-28.  ^ "Eurotunnel tourne la page de sa dette". Le Figaro. 2009-10-28. Retrieved 2009-10-28.  ^ Eurotunnel completes Veolia Cargo takeover James Faulkner 1 December 2009 www.ifw-net.com ^ "DUNKERQUE PORT choisit EUROTUNNEL pour l'exploitation et la maintenance de son réseau férré", www.dunkerque-port.fr (in French), 13 January 2010  ^ FIRSTGROUP PLC : Disposal of rail freight business[permanent dead link] PR Newswire Europe via COMTEX , 1 June 2010 , via www.tradingmarkets.com ^ Eurotunnel buys GBRf from FirstGroup
FirstGroup
1 June 2010 , uk.reuters.com ^ Wright, Robert (2012-06-11). "Eurotunnel to take over SeaFrance vessels". Financial Times. Retrieved 2012-06-14.  ^ Smith, Peter C. (2012). Offshore Ferry Services of England
England
and Scotland. Pen and Sword. p. 70. ISBN 9781848846654. Retrieved 29 November 2016.  ^ "Eurotunnel statistics for use during 2015".  ^ Eurotunnel rebrands as Getlink
Getlink
International Railway Journal 20 November 2017 ^ Group Eurotunnel rebrands as Getlink
Getlink
Railway Gazette International 20 November 2017 ^ "Interview with Eurostar
Eurostar
Chief Executive" (PDF). Archived from the original (PDF) on 4 March 2009. Retrieved 2010-04-27.  ^ DB puts London - Frankfurt
Frankfurt
plans on ice, 19 February 2014  ^ "Eurotunnel's Rail Buy". Daily Express. 2011-07-19. Retrieved 2011-08-18. 

Further reading[edit]

"Eurotunnel operations in profit for the first time". RAIL. No. 325. EMAP Apex Publications. 25 February – 10 March 1998. p. 9. ISSN 0953-4563. OCLC 49953699. 

External links[edit]

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