Reported about 18 hours ago
Virgin Group, led by billionaire Richard Branson, is seeking to raise £700 million ($900 million) to launch cross-channel rail services aimed at competing with Eurostar. The company plans to offer high-frequency routes connecting London with Paris, Brussels, and potentially Amsterdam, with hopes to begin operations by 2029. Virgin intends to secure £300 million in equity and £400 million in debt for this project, emphasizing the need for competition in the rail market.
Source: YAHOO