THE CHUNNEL PROJECT
* Objective is to create an underground tunnel connecting England and France * Create a fixed transportation link between England and France in an attempt to spur economic development, improve European trade, and provide an alternative high-speed transportation method. * Requires cooperation between two countries, numerous banks, contractors, etc to initiate, plan, executive and complete the project. * Project was completed but was late and overbudget.
* French and British governments * 220 International lending banks * Contractors/construction companies/suppliers * Regulatory agencies * Channel Tunnel Group/ FranceManche (EuroTunnel) – winner of proposal, owner of 55 year concession—runs the project * Intergovernment Commission (IGC) – approves designs, safety regulations, etc * Share holders seeking equity interest * 46 contractors * Transmanche Link (TML) – awarded construction contract – Translink is the company on the British side, Transmanche is the company on the French side * Politicians, government workers, bankers, lawyers, analysts, construction workers, machinists, engineers * 700 000 share holders
PROJECT LIFE CYCLE
- Ideas for a tunnel going through the English Channel have been proposed as early as 1802, however, all attempts and proposals were abandoned until 1983. * French and British government ask for proposals for the project in 1983. * Four submissions were shortlisted: * Eurobridge: a 4.5 km (2.8 mi) span suspension bridge with a roadway in an enclosed tube, * Euroroute: a 21 km (13 mi) tunnel between artificial islands approached by bridges, * Channel Expressway: large diameter road tunnels with mid-channel ventilation towers, * a rail proposal based on the 1975 scheme presented by Channel Tunnel