Richard Branson's Virgin Group is seeking to raise £700 million to launch new cross-Channel rail services connecting London with Paris and Brussels, aiming to compete directly with Eurostar after 30 years of its monopoly. The company plans to create a high-frequency service that could start by the decade's end, with hopes of also serving Amsterdam. Virgin Group is looking for investors, intending to raise £300 million in equity and £400 million in debt. The initiative reflects a growing push for increased rail connectivity between Britain and continental Europe.
Virgin Group aims to raise £700 million to fund new cross-Channel rail services that would compete with Eurostar, targeting connections to Paris and Brussels.
The company plans a high-frequency service that could launch by the end of the decade, becoming the first direct rival to Eurostar in 30 years.
A Virgin Group spokesperson stated that the cross-Channel route is ripe for change and would benefit from competition, emphasizing potential investment partnerships.
Increased collaboration between Getlink and St Pancras aims to enhance rail services between Britain and France, indicating a trend towards greater rail connectivity in Europe.
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