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12May94 UK: SPECIAL REPORT - CHANNEL TUNNEL - SIGNING THE DEAL.

The construction contract was signed - with John Reeve (pictured) of Costain and Thames Barrier fame leading the UK side for contractor Transmanche Link - and the first two tranches of money were raised.The concession details were agreed between the two governments and Eurotunnel; and the legislation began to progress.But financiers were still nervous.Richard Hannah from stockbroker Phillips and Drew said of Eurotunnel's fund raising plans: 'The City is often accused of being too short-term ...

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