Is French TGV profitable?

Is French TGV profitable? As things stand, most TGV lines don't turn a profit but are made feasible by subsidies, paid by a state that clearly sees the economic advantages of an extensive high-speed network.

How much debt is the French Railways in?

This involved a reduction of $35 billion in the company's debt. The public authorities completed this debt repayment process in 2022 – the debt now stands at €24.4 billion, compared to €60.2 billion in 2019 – by taking over the last scheduled €10 billion.

Is SNCF a monopoly?

SNCF is the only company offering national rail transportation because it enjoys a legal monopoly. There are two types of trains: HS trains (TGV) and “normal speed” trains (Intercités or IC). TGV can use both HS and normal tracks, when IC can only use normal tracks.

Has Eurotunnel made a profit?

It reported pre-tax profits for the first half of the year of €52 million, a reversal of the losses of €127 million it reported in the first six months of 2021. Last year losses totalled €237 million on top of a €119 million deficit in 2020.

Is Eurostar in debt?

Strong cash generation has enabled Eurostar Group to repay €127m of debt and at the end of December 2022, total debt stood at €964m. We have turned the page on the COVID crisis and are now moving towards a new chapter of building the new Eurostar Group, bringing Eurostar and Thalys together”, says Gwendoline Cazenave.

Is Eurotunnel in debt?

The group has debts of more than £6 billion and media reports suggest directors are keen on offering a debt-for-equity swap for as much as £2bn of the debt, UK national newspapers reported this week.

Is the Eurotunnel a financial success?

Financing Eurotunnel. Eurotunnel is the largest privately- financed infrastructure in history by a long way. In what it has achieved it has been a stunning success—in its current financial situation it is obviously also a failure at this stage if measured by return on investment.

Does SNCF own TGV?

SNCF operates almost all of France's railway traffic, including the TGV (Train à Grande Vitesse, meaning high-speed train). In the 1970s, the SNCF began the TGV high-speed train program with the intention of creating the world's fastest railway network.

Is SNCF the same as TGV?

TGV is SNCF's high-speed rail service. Carrying passengers across France on trains exceeding 300kmh, TGV train has become one of the most popular modes of transport for travelling around the country.

How much do Eurotunnel drivers get paid?

The typical Eurotunnel Train Driver salary is £44,322 per year. Train Driver salaries at Eurotunnel can range from £28,298 - £53,034 per year.

Is the Channel tunnel still in debt?

Eurotunnel is now highly profitable, after a difficult start when it was held down by massive debts from the tunnel construction. Debt restructuring in 2007 reversed the company's fortunes — at the expense of thousands of small shareholders who saw their holdings slashed in value.