Thursday 29 September 2016

Eurotunnel wants €29m from Britain and France over lost revenue during migrant crisis

Published 18/02/2016 | 14:11

Migrants gather on the road as two board a lorry on the access road to reach the ferry terminal in Calais. Company owners say they are worried about the futures of their businesses as growing numbers of drivers refuse to travel through the Channel Tunnel. REUTERS/Pascal Rossignol
Migrants gather on the road as two board a lorry on the access road to reach the ferry terminal in Calais. Company owners say they are worried about the futures of their businesses as growing numbers of drivers refuse to travel through the Channel Tunnel. REUTERS/Pascal Rossignol

Eurotunnel has asked the British and French governments to reimburse it £22m (€29m) for lost revenue during last year's cross-Channel migrant crisis.

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The Channel Tunnel operator made the claim via the Intergovernmental Commission as it revealed a 22pc dividend increase to be proposed at its AGM on April 27.

Despite an uncertain global outlook, Eurotunnel predicted further growth in the cross-Channel and rail freight markets amid strength in the British economy.

The Chunnel operator faced heavy disruption to its services last summer as migrants based at the Jungle camp in Calais made repeated bids to cross to Britain.

As it revealed its 2015 annual results, Eurotunnel said there has been no disruption to services since last October following strengthened border security at the Coquelles terminal.

It said revenues increased by 5pc to €1.2bn compared to 2014. And the group's pre-tax profit for 2015 was €115m, an improvement of €25m compared to 2014.

Chairman and chief executive Jacques Gounon said: "In a difficult environment in 2015, the group worked with the efficiency of a private company to deliver a genuine public service.

"This was achieved through the commitment of its staff, close co-operation with the two governments and an exemplary capacity to react to events."

Press Association

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