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Channel Tunnel Train Fares Expected to Drop 30% with New Competition

Forecasts predict tripling of passenger numbers by 2040 as new operators prepare to challenge Eurostar's monopoly.

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Three rival train operators are vying to launch HS1 services to Europe in 2029 in competition with Eurostar

Overview

  • A study commissioned by London St Pancras High Speed projects a 30% reduction in Channel Tunnel train fares, driven by increased competition and growing demand.
  • Annual passenger numbers on the high-speed line between London and the Channel Tunnel are forecasted to rise from 11 million to 35 million by 2040.
  • New operators, including Virgin Group, FS Italiane Group, and Gemini, are planning to launch services through the Channel Tunnel by 2029, ending Eurostar's long-standing monopoly.
  • London St Pancras High Speed is planning to double station capacity to accommodate up to 5,000 passengers per hour, addressing expected demand growth.
  • Regulatory adjustments, such as reallocating Eurostar's underused depot capacity, are reducing barriers for new operators to enter the market.