LYCOS RETRIEVER 
Channel Tunnel: Projects
built 657 days ago
The tunnel was originally projected to cost £4.8 billion; its actual cost was £10.5 billion, provided by private funding. It officially opened on May 6, 1994, a year late, but teething troubles delayed full operation until December 1994.
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The report calculates that the total costs of the tunnel to date have been £12.7 billion, while the total benefits have been £6.3 billion. Once the losses incurred by the backers of the tunnel have been subtracted, the net present value of the project is minus £10 billion.
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RLE are taking a proactive Project Management approach to the project and using the cost sharing mechanism within the contracts to provide the incentives to share knowledge and good practice across the tunnel contracts to the benefit of all parties. Key successes in this area so far are:
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