Eurotunnel has responded to Britain’s decision to leave the European Union, saying that the Channel Tunnel Concession will be unaffected by the country’s decision to sever its current ties with the EU.
The organisation, which manages and operates the cross-Channel Fixed Link, said it is maintaining its current outlook for several reasons.
Eurotunnel highlighted that, as the UK is not part of the Schengen area and never has been, border controls would remain the same and referenced the protections provided by the Treaty of Canterbury, the agreement between the UK and France that forms the legal bases on which the tunnel was built.
It also said a fall in the pound would not have a significant impact on the company as it would also reduce the group’s debt, increase costs for its maritime competitors and support exports from Britain.
Jacques Gounon, chairman and chief executive officer of Groupe Eurotunnel SE, said: “The Channel Tunnel fixed link was established with an international treaty between two sovereign states.
“Our Anglo-French vocation is to offer our customers a constantly improving and more competitive transport service. I am confident that we will achieve our goals.”