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Unlocking the Channel Tunnel as Virgin secures pivotal regulatory approval | Commercial Awareness Compass #89
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…
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