Getlink
Getlink, formerly known as Groupe Eurotunnel or Eurotunnel, is a French-British public company that manages and operates the Channel Tunnel, which connects France and United Kingdom beneath the English Channel. Here are key points about Getlink:
History
- Formation: The idea for the Channel Tunnel was conceived in the 19th century, but it wasn't until 1986 that the project was given the green light. The company was formed in 1986 by a consortium of French and British companies to build and operate the tunnel.
- Construction: Construction began in 1988, and after numerous challenges including geological difficulties and financial issues, the tunnel was completed in 1994.
- Opening: The tunnel officially opened on May 6, 1994, with the presence of Queen Elizabeth II and President François Mitterrand.
- Financial Difficulties: Despite the successful construction, Eurotunnel faced significant financial problems post-opening, leading to a restructuring in 2007 which included a new management team and a change in name to Getlink in 2017.
Operations
- Services: Getlink provides three main services:
- Shuttle services for cars and coaches (LeShuttle).
- Rail freight services, allowing freight trains to pass through the tunnel.
- Passenger rail services operated by Eurostar, although Getlink does not operate these trains directly, they manage the infrastructure.
- Infrastructure: The Channel Tunnel consists of three tunnels: two rail tunnels for the running of trains and a service tunnel used for maintenance and emergencies.
Corporate Structure
- Ownership: Getlink is publicly traded with shares listed on the Euronext Paris and the London Stock Exchange.
- Management: The company is headquartered in Paris, with significant operations in Kent, UK. Its governance includes a board of directors with both French and British representation.
Economic Impact
- Getlink has significantly improved the economic integration between France and the UK by reducing travel time and increasing capacity for both passenger and freight transport.
- The tunnel has been a key factor in the development of cross-border commerce, tourism, and logistics.
Challenges and Developments
- Brexit: The UK's decision to leave the European Union posed challenges for Getlink due to potential changes in customs regulations, border controls, and immigration procedures, affecting the efficiency of the tunnel's operations.
- Environmental Considerations: The company has been focusing on reducing its environmental footprint, including electrifying more of its shuttle services.
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