Virgin moves closer to launching Eurostar rival in 2030

British company Virgin has been granted permission to operate new cross-Channel train services between London and major European cities, starting in 2030, according to the UK's rail regulator. This move brings Virgin closer to challenging Eurostar, the dominant player in passenger rail traffic across the English Channel since the tunnel's opening in 1994.

Virgin Trains would be able to run up to 20 daily return services from London to Paris, Brussels, and Amsterdam between October 1, 2030, and the end of 2040, as confirmed by the Office of Rail and Road (ORR). The agreement marks a significant step towards increasing competition and growth in the international rail services market, according to Martin Jones, deputy director of access and international at the ORR.

Before Virgin can commence operations, the company must secure rolling stock, gain access to other rail networks, and obtain safety approvals from both British and European Union authorities. The current Channel tunnel only operates at about 50% capacity, and rival bids for a new service have faced challenges such as regulation and limited station capacity.

Passengers are optimistic that increased competition will lead to lower ticket prices, as train fares to Paris from London can often surpass the cost of a flight. Several other companies have also announced plans to launch rival services through the Channel Tunnel, with Italy's Trenitalia aiming to start its competitor service by 2029. Eurostar reported transporting a record 20 million passengers last year.