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Eurostar rival orders 19 high-speed trains for London-Paris route

Created at 17 Aug · 7:16 AM1 source↑ Market-relevant
IN SHORT

Italy's state-owned railway, FS Group, has ordered 19 new high-speed trains from Hitachi Rail for a new London-Paris service. The multi-billion euro deal aims to break Eurostar's three-decade monopoly on the route and is expected to increase competition, potentially lowering ticket prices and improving service quality.

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Key Numbers

19new high-speed trains ordered
2029delivery year for new trains
€2 billiondeal value between FS Group and Hitachi Rail
50%current Channel Tunnel capacity utilization
€80 millionmaintenance facility investment near Paris
39major cities in the 'European Metro' concept
22countries in the 'European Metro' concept
1,800passengers per hour at London St Pancras currently
5,000passengers per hour planned at London St Pancras
30 millionpassengers Eurostar aims to carry by 2030

Who's Involved

Ferrovie dello Stato Italiane (FS Group)
Italy's state-owned railway company ordering new trains
Trenitalia France
Subsidiary of FS Group operating services in France
Hitachi Rail
Manufacturer of the 19 new high-speed trains
Eurostar
Incumbent operator of London-Paris rail services
Evolyn
Rival company preparing to enter the London-Paris market
Virgin Trains
Rival company preparing to order trains for the route
Gemini Trains
UK start-up that has applied for a train operator's licence
Office for Rail and Road (ORR)
UK regulator that reduced track access charges
Getlink
Operator of the Channel Tunnel planning capacity expansion
Gianpiero Strisciuglio
CEO of FS Italiane Group
Giuseppe Marino
Group chief executive officer of Hitachi Rail
Adrian Quine
Chief executive of Gemini Trains
Yann Leriche
Chief executive of Getlink
Eurostar rival orders 19 high-speed trains for London-Paris route

↳ Why This Matters

The introduction of new high-speed rail operators on the London-Paris route promises to break Eurostar's decades-long monopoly, potentially leading to more competitive pricing, enhanced service options, and increased travel choices for passengers between the UK and continental Europe.

Key facts

  • Italy's FS Group has ordered 19 new high-speed trains from Hitachi Rail.
  • The trains are intended for a new London-Paris service, challenging Eurostar's monopoly.
  • The deal is valued at €2 billion, with trains expected by 2029.
  • Other companies, including Virgin Trains and Evolyn, are also preparing to launch competing services.
  • Regulators have reduced track access charges to encourage new operators.
  • Channel Tunnel operator Getlink plans to increase capacity at London St Pancras station.

Italy's state-owned railway company, Ferrovie dello Stato Italiane (FS Group), has announced a significant €2 billion order for 19 new high-speed trains from Hitachi Rail. These trains are slated to serve a new London-Paris route, marking a direct challenge to Eurostar's long-standing monopoly on cross-Channel rail services. The new fleet is expected to be operational by 2029, with the first trains joining FS Group's subsidiary Trenitalia France's existing services on routes including Paris to Lyon, Marseille, and Milan.

The deal is seen as a crucial step in diversifying services through the Channel Tunnel, which currently operates at about 50% capacity. Customer advocacy groups are hopeful that increased competition will lead to lower ticket prices, improved service quality, and the reopening of stations like Ashford International. Alongside the train order, an €80 million maintenance facility is planned for Maisons-Alfort Pompadour, near Paris, to support Trenitalia's operations.

FS Group CEO Gianpiero Strisciuglio stated the contract strengthens their presence in France and supports the development of efficient, sustainable, and competitive high-speed services, aligning with the 'European Metro' concept of an integrated high-speed network. Hitachi Rail CEO Giuseppe Marino highlighted the deal's focus on sustainability, operational efficiency, and cross-border interoperability.

Several companies are vying for access to the HS1 high-speed line, including Virgin Trains and Spanish start-up Evolyn, also in partnership with FS Italiane Group. Gemini Trains has also applied for a licence. The UK's Office for Rail and Road (ORR) has encouraged competition by mandating HS1 to reduce track access charges. Getlink, the Channel Tunnel operator, is working with London St Pancras Highspeed to triple capacity at the station, anticipating a doubling of traffic over the next decade. While new entrants anticipate lower fares and more destinations, potential hurdles include regulatory approvals and disputes over access to UK rail maintenance depots, though the ORR has dismissed Eurostar's claims of full capacity at the depot.

Frequently asked questions

Italy's state-owned railway company, Ferrovie dello Stato Italiane (FS Group), is ordering 19 new high-speed trains.

The deal between FS Group and Hitachi Rail is valued at €2 billion.

The new trains are expected to be ready to serve the routes by 2029.

It is a vision for an integrated high-speed rail network connecting 39 major cities across 22 European countries, functioning like a unified metro system.

What Happens Next

01New trains are expected to join the fleet by 2029.
02A new maintenance facility near Paris is planned.
03Other companies are expected to secure access to the HS1 line.
04London St Pancras station capacity is planned to triple.

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Cadence

How It Developed

Eurostar's monopoly on London-Paris rail services is facing competition.
Italy's FS Group has ordered 19 new high-speed trains from Hitachi Rail.
The new trains are intended for a new London-Paris route and to enhance existing Trenitalia services.
The deal is valued at €2 billion and aims for train delivery by 2029.
Rivals like Evolyn and Virgin Trains are also preparing to enter the market.
The Office for Rail and Road (ORR) has pushed for lower track charges to encourage new operators.
Getlink, the Channel Tunnel operator, has plans to triple capacity at London St Pancras station.
New operators aim to offer more destination choices and potentially lower fares.

Sources

T1
<a href='https://news.sky.com/story/money-live-consumer-personal-finance-tips-sky-news-latest-13040934?postid=12238484#liveblog-body'>Eurostar rival finally gets go ahead</a>Sky News · Business
T2
Eurostar will finally have a real, cheaper, rival – but there's ...inews.co.uk
T2
Here's why Eurostar's new rivals are good news for travelers | National Geographicnationalgeographic.com
T2
Eurostar rival orders 19 high-speed trains for new London-Paris service - Travel Tomorrowtraveltomorrow.com

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