Cutting into the capital (TT May03 p39-42)

In March 1994, the UK government issued tenders for the Channel Tunnel Rail Link (CTRL) project, the UK’s first high-speed railway from the Channel Tunnel to London. London & Continental Railways Limited (LCR) was formed to bid for the project and assembled among its shareholders a set of skills to finance and project manage the construction of the CTRL and manage Eurostar train services.