§ Mr. Teddy Taylorasked the Secretary of State for Transport if he will make a statement on the progress that has been made on providing the finance for the Channel 298W tunnel project; and what discussions his Department has had with institutions and pension funds on this financing operation.
§ Mr. David MitchellEurotunnel has announced that its private placing of shares has been satisfactorily completed. The Government naturally followed Eurotunnel's progress in raising these funds, and there were regular contacts with Eurotunnel's advisers. But my Department has had no contact with any of the institutions or pension funds which took part in the private placing.