P525ORACLE 525 Mon20 Jan C4 1700:08
CHANNEL TUNNEL TO
BUILD FIXED LINK
Shares in Channel Tunnel Group, the
consortium of British and French civil
engineers and banks, surged in response
to news it was to build the fixed link.
CTG, which is to build a twin-bore rail
tunnel at a cost of £2.3m (see p106),
includes Balfour Beatty, Costain,
Tarmac,Taylor Woodrow and George Wimpey
Financial backing comes from Midland
and NatWest banks and the Granada group
with the French Banque Nationale de
Paris and Credit Lyonnais banks.
The consortium also inlcudes Belgium's
largest financial and industrial groups
HOLIDAYS ABROAD 581 & 582