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Proceeding contribution from Lord Bassam of Brighton (Labour) in the House of Lords on Monday, 31 March 2008. It occurred during Debate on bill on Channel Tunnel Rail Link (Supplementary Provisions) Bill.


Channel Tunnel Rail Link (Supplementary Provisions) Bill

My Lords, two or three questions were asked, and if the noble Lord, Lord Berkeley, will let me I will reply to those; I suspect that his interruption might have been on them. He asked about the prices charged for stations. There is to be no charge, to incentivise operators to stop at stations. He suggested that access charges could become unaffordable. The Government intend to cap access charges at a level affordable to new entrants into the market. The analysis behind the level of access charge is based on the principle of affordability. The noble Lord also raised an issue about the Channel Tunnel and charges. We are setting charges now, with the benefit of more understanding of the market for international services than was available 20 years ago when Eurotunnel first raised debt. Eurotunnel now has the benefit of a 50 year-plus contract, giving guaranteed usage levels and charges for freight and passenger services. There is no equivalent long-term contract benefiting High Speed 1. I hope that I have covered his points.


Secondary information

Type
Proceeding contribution
Reference
700 c794 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Channel tunnel Competition High Speed 1 line Finance EU law Government assistance High speed trains Railway network Network Rail Regulation Eurostar London and Continental Railways Office of Rail Regulation
Legislation
Channel Tunnel Rail Link (Supplementary Provisions) Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk