§ 26. Mr. Hawkinsasked the Minister of Transport whether she intends that the Charnel Tunnel should be financed by private investment or from Government funds.
§ Mr. John Morris:The agreement between the British and French Governments is that the Tunnel will be built with finance from private sources if this can be secured on terms acceptable to the two Governments: but participation from public funds in the risk capital is not excluded, and the operation of the tunnel will be entrusted to an Anglo-French public authority.
§ 45. Mr. Costainasked the Minister of Transport, in view of the recent devaluation of sterling, what are her present plans for the commencement of work on the Channel Tunnel.
§ Mr. John Morris:We do not expect the timing of the Channel Tunnel project to be affected by the recent devaluation of sterling.