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Eurotunnel Agreement

The eurotunnel agreement, also known as the Channel Tunnel Treaty, is a landmark agreement between the United Kingdom and France that governs the operation and management of the Channel Tunnel.

The Channel Tunnel, also referred to as the Eurotunnel, is a 31-mile tunnel that connects Folkestone, England, and Calais, France. It is the longest undersea tunnel in the world and has been in operation since 1994.

The eurotunnel agreement was signed on February 12, 1986, and came into effect on December 1, 1990. The agreement was necessary to govern the construction and operation of the tunnel, which was jointly funded by the British and French governments, as well as private investors.

One of the main features of the eurotunnel agreement is the creation of Eurotunnel, a company responsible for the construction, operation, and maintenance of the Channel Tunnel. Eurotunnel is jointly owned by France and the UK, with each country holding 50% of the shares.

The eurotunnel agreement also established the legal framework for the operation of the tunnel. It defined the rights and obligations of Eurotunnel, as well as the rights of the UK and French governments in relation to the tunnel. The agreement also set out the safety and security requirements for the tunnel and established a joint safety authority to oversee compliance with these requirements.

Another crucial aspect of the eurotunnel agreement is the regulation of access and pricing for the use of the tunnel. The agreement specifies the fees that Eurotunnel can charge for the use of the tunnel and sets out the requirements for access to the tunnel by trains and vehicles.

The eurotunnel agreement has been a vital tool for ensuring the safe and efficient operation of the Channel Tunnel. It has also been crucial in fostering closer ties between France and the UK, demonstrating how cooperation between nations can bring about significant infrastructure projects.

In conclusion, the eurotunnel agreement remains a landmark agreement in the history of Anglo-French relations and infrastructure development. Its provisions have helped to ensure the safe and efficient operation of the Channel Tunnel for over two decades, benefiting businesses and travelers on both sides of the English Channel.