Eurotunnel obligations under government settlement agreement
Legal obligations of Eurotunnel under the government’s settlement agreement relating to freight capacity contracts.
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Under the settlement agreement, the government is obliged to pay Eurotunnel £33 million in equal instalments over the next 3 financial years, with the first payment to be made by 1 April 2019. However, in order to achieve value for money for the tax payer, the government has agreed with Eurotunnel that they will use this settlement sum only to fund certain categories of projects furthering the wider public interest. The wording of this settlement agreement sets out the permissible extent of such projects, together with the other assurances and commitments Eurotunnel has given government.
Last updated 9 May 2019 + show all updates
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Eurotunnel commitments updated to include 31 May 2023 period.
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First published.