
Virgin has cleared step one in its plan to launch a rival Eurostar service.
The corporate, owned by billionaire Sir Richard Branson, has been granted entry to share Eurostar’s Temple Mill worldwide depot in east London.
The choice, by the rail regulator, the Workplace of Rail and Street (ORR), is a vital first step in the direction of working cross-border prepare providers through the Channel Tunnel.
Sir Richard has described it as “the massive hurdle that we needed to get by way of” within the course of. Entry to the depot means Virgin can preserve and retailer trains.
Money blog: Major bank loses 23,000 customers to rivals
Further regulatory approvals are vital, nonetheless, and Virgin Trains would require observe entry and a security go-ahead earlier than it could possibly begin worldwide providers.
The corporate says it needs to run trains between London’s St Pancras station and town centres of Paris, Brussels and Amsterdam in 2030.
It is also in discussions with France’s busiest airport, Charles de Gaulle, about working trains there. Sir Richard stated he hoped to recommence occasional providers between London and Disneyland Paris.
There are “ambitions” to increase “additional throughout France, and into Germany and Switzerland”.
Eurostar stopped working direct trains to the theme park in 2023.
Different prepare operators had sought entry to the depot and have been denied. Eurostar, who presently run providers, had sought to increase its entry however was turned down.
Learn extra:
Car finance redress scheme threatens UK jobs, bank warns
Ofgem to wipe millions of debt with slight increase to bills
The ORR stated the announcement was a win for passengers, buyer alternative, and financial progress.
“Virgin Trains’ plans have been extra financially and operationally strong than these of different candidates, and it offered clear proof of investor backing and an settlement in precept to ship the mandatory and applicable rolling inventory,” it added.
This competitors will deliver down costs, Sir Richard stated.
Passenger rail providers on the high-speed line have been a monopoly because it opened in 1994.
The tunnel is barely used at roughly 50% capability, regardless of accommodating the LeShuttle vehicle-carrying trains between Folkestone in Kent and Calais in northern France.











