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Last Updated: Wednesday, 23 June, 2004, 07:49 GMT 08:49 UK
Eurotunnel challenges ferry fare
Eurotunnel train
Channel Tunnel operator Eurotunnel is currently battling huge debts
Eurotunnel is cutting prices to compete with high speed ferry operators.

The Folkestone-based group is offering 100 return tickets for a car and passengers travelling to France until the end of the year.

The move comes just a month after SpeedFerries launched its cut price service, carrying cars from Dover to Boulogne from 50 return.

The Channel Tunnel operator, whose board was ousted by investors in April and then replaced, has debts of 6.4bn.

Travel restrictions

The lowest price being offered by Eurotunnel a few weeks ago was 173.

Passengers taking up the new deal will be required to travel to France after 1400 BST on the day of the outward journey and return before 1400 BST on any subsequent day.

They will have to book at least one day in advance.

Eurotunnel has denied that the offer is aimed at fighting off new rivals.

A spokesman said the initiative had been launched at the same time last year to attract late-booking summer holidaymakers.

"It is certainly not a response to SpeedFerries," he said.




SEE ALSO:
Eurotunnel's finance chief quits
22 Apr 04  |  Business
Sales slide at ailing Eurotunnel
20 Apr 04  |  Business
Eurotunnel racks up big losses
09 Feb 04  |  Business


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