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Chunnel plan possible

25th July 1981, Page 7
25th July 1981
Page 7
Page 7, 25th July 1981 — Chunnel plan possible
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ONE OF the potential builders of a Channel tunnel said last week that it could find all £900m required for the project from private sector funds.

The European Channel Tunnel Group, a consortium of French, West German, Netherlands, and British civil engineering companies, said that its financing plan — evolved by merchant bankers Rothschild — would need no direct Government guarantees.

But it would require the Government accepting political risks, such as the cancellation of the project.