The government says it has identified corporate and financial assets with a total value of £20bn, which it intends to sell between 2014 and 2020 to fund infrastructure projects. These could potentially include LCR's property assets and the government's 40% shareholding in EIL, although the government stresses that any sale would be "subject to value for money assessments and key policy objectives."
At present French National Railways (SNCF) holds a 55% share in EIL while Belgian National Railways (SNCB) owns the remaining 5%. EIL was created as a single corporate entity in October 2010 to supersede the joint operation between Eurostar UK, SNCF, and SNCB.
