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Channel Tunnel Rail Link is serious financial liability, PAC warns

20 May 2006
 

The Commons' Public Accounts Committee has released a scathing report into the construction of the Channel Tunnel Rail Link, criticising poor passenger forecasts, weak economic justification and increasingly high levels of financial risk placed on the taxpayer.

Conservative MP Edward Leigh, the PAC's chairman, said that while the CTRL was "a magnificent project" and "a boost to our national prestige", the economic justification for it was marginal. "The Link has been...

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