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Commercial Awareness Compass

Unlocking the Channel Tunnel as Virgin secures pivotal regulatory approval

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Henry Nelson-Case

Henry is a 7 year qualified commercial lawyer with experience on a whole host of commercial contracts, having gained exposure to a diverse range of work through both working in-house and in private practice. Alongside working as lawyer, Henry also creates content on social media – where he strives to promote the importance of mental health and wellbeing in the workplace and challenges toxic corporate behaviours.

Published Thu, 03 Sep

Britain’s rail regulator, the Office of Rail and Road, has pre-approved a track access agreement allowing Virgin to run up to 20 return services a day from London St Pancras along the ‘High Speed 1’ line into Europe between 2030 and 2040.

This is a major win for Virgin as they look to compete with Eurostar, which has enjoyed a monopoly over cross-Channel rail since the 1990s. However, getting track access is only the first step.

Can Virgin navigate the maze of international approvals to break Eurostar’s grip on European travel? How will the incumbent respond? And what legal and financing structures are needed to start a project of this scale?

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