5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Investing

Virgin hails green light to challenge Eurostar as rail regulator opens door to Channel Tunnel competition

by
April 1, 2025
in Investing
0
Virgin hails green light to challenge Eurostar as rail regulator opens door to Channel Tunnel competition

Sir Richard Branson’s Virgin Group is celebrating what it calls a “green signal for competition” after the UK rail regulator confirmed that there is enough capacity at Eurostar’s London maintenance depot to support rival high-speed train services through the Channel Tunnel.

The Office of Rail and Road (ORR) announced that the Temple Mills depot in northeast London — currently leased by Eurostar — can accommodate additional European-style trains, following an independent review commissioned in response to growing interest from new operators.

Virgin, which has been eyeing a launch of its own cross-Channel train service as early as 2029, welcomed the regulator’s findings, saying it clears one of the last major barriers to entering the market.

In a statement, Virgin Group said:

“Finally a green signal for competition. The Temple Mills depot is the only facility in the UK which can accommodate European-style trains, and claims suggesting it was at capacity have been blocking Virgin from coming to the line. Virgin is therefore very pleased with the outcome.”

The company added that “there are no more major hurdles to overcome” and hinted at an imminent announcement on next steps.

Eurostar, which has held a monopoly on cross-Channel services since 1994, had previously cast doubt on the feasibility of competition, citing a lack of depot space. However, the ORR concluded that, with operational and maintenance adjustments, and some possible infrastructure changes, the depot could support more operators.

The breakthrough could unlock long-awaited competition on one of the UK’s most lucrative rail corridors. Virgin’s plans are being led by Phil Whittingham, the former boss of Virgin Trains, and backed by a proposed £700 million investment. The group is seeking to take advantage of shifting European attitudes towards open-access rail and growing demand for sustainable alternatives to short-haul flights.

Other potential challengers to Eurostar include Gemini Trains, chaired by transport industry veteran Lord Berkeley, and Evolyn, a Spanish-led consortium. Gemini welcomed the regulator’s review, which “demonstrated that there is capacity available for Gemini’s services, both inside the depot and for stabling outside”.

Industry insiders believe there is sufficient capacity on the route between London St Pancras and continental Europe to support at least two new operators in addition to Eurostar. The rail industry has until April 28 to respond to the ORR’s consultation on the depot access findings.

While Eurostar remains dominant, the new ruling marks a significant turning point in efforts to liberalise international rail services and inject more choice and competition for passengers.

With the technical and regulatory hurdles now largely addressed, Virgin and others are gearing up to finally challenge a three-decade monopoly — and reshape the future of cross-Channel rail travel.

Previous Post

Aston Martin secures £125m boost as Lawrence Stroll deepens investment

Next Post

UK house prices rise 4% as buyers rush to beat stamp duty deadline

Next Post
UK house prices rise 4% as buyers rush to beat stamp duty deadline

UK house prices rise 4% as buyers rush to beat stamp duty deadline

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    One in six UK workers struggling to pay bills as second jobs hit record high

    One in six UK workers struggling to pay bills as second jobs hit record high

    July 12, 2025
    JuanHand earns Green Flag recognition from Filipino Fair Loans Advocacy Group (FILFLAG)

    JuanHand earns Green Flag recognition from Filipino Fair Loans Advocacy Group (FILFLAG)

    July 11, 2025
    United under one roof: How Puregold brought generations of OPM together in the Philippine Arena

    United under one roof: How Puregold brought generations of OPM together in the Philippine Arena

    July 11, 2025
    UK government considers rescue deal for Speciality Steel amid fears of collapse

    UK government considers rescue deal for Speciality Steel amid fears of collapse

    July 11, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.