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The Chunnel Tunnel Project

The Chunnel Tunnel Project

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Published by anuj999929
FIRST CHUNNEL PROJECT
FIRST CHUNNEL PROJECT

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Published by: anuj999929 on Nov 18, 2009
Copyright:Attribution Non-commercial

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12/25/2012

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THE CHUNNEL TUNNELTHE CHUNNEL TUNNELPROJECTPROJECT
(A Case Study)(A Case Study)
The Close out PhaseThe Close out Phase
 
The Chunnel Tunnel ProjectThe Chunnel Tunnel Project
INTRODUCTIONINTRODUCTION
51.5 KM under sea double rail linking France and England.51.5 KM under sea double rail linking France and England.
Largest construction project built by a private consortium, involving French & BritishLargest construction project built by a private consortium, involving French & BritishGovernmentGovernment
Loan financing raised through a consortium of 206 banks.Loan financing raised through a consortium of 206 banks. 
MAJOR CHALLENGESMAJOR CHALLENGES
 
Cooperation of two national governmentsCooperation of two national governmentsBankers underwriting the funding for the projectBankers underwriting the funding for the projectNumerous ContractorsNumerous ContractorsSeveral regulatory agenciesSeveral regulatory agenciesOverlapping design and constructionOverlapping design and constructionUnder ground constructionUnder ground construction
 
The Chunnel Tunnel ProjectThe Chunnel Tunnel Project
COMPLEXITYCOMPLEXITY
Unwillingness of English to invest public money resulted in getting money fromUnwillingness of English to invest public money resulted in getting money fromprivate investors without any governmental intervention or guarantees.private investors without any governmental intervention or guarantees.Resulting very little regulation on the fares charged for the wholeResulting very little regulation on the fares charged for the wholeconcession of 55yrsconcession of 55yrs
Introduction of Intergovernmental commission (IGC) to regulate environmental,Introduction of Intergovernmental commission (IGC) to regulate environmental,health, safety aspect.health, safety aspect.
Loan financing raised through consortium of 206 banks world wide, makingLoan financing raised through consortium of 206 banks world wide, makingrefinancing complex.refinancing complex.
Open/ undefined scope of project.Open/ undefined scope of project.
Integration, coordination , communication of diverse and numerous partiesIntegration, coordination , communication of diverse and numerous partiesinvolved.involved.

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