Rail operator Eurostar has secured a crucial £250 million refinancing package to help secure its future.
The EU and UK government want more competition on cross-Channel services
Eurostar, which has been “fighting for survival” due to the impact of the Covid-19 pandemic, said the new financial package had been agreed with shareholders, including its majority owner French state railway SNCF, and a group of banks.
Jacques Damas, Eurostar’s chief executive, said: “The refinancing agreement is the key factor enabling us to increase our services as the situation with the pandemic starts to improve.
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