English Channel Tunnel opened May 06,1994

 

In a ceremony presided over by England’s Queen Elizabeth II and French President Francois Mitterand, a rail tunnel under the English Channel was officially opened, connecting Britain and the European mainland for the first time since the Ice Age

The channel tunnel, or “Chunnel,” connects Folkstone, England, with Sangatte, France, 31 miles away. The Chunnel cut travel time between England and France to a swift 35 minutes and eventually between London and Paristo two-and-a-half hours

As the world’s longest undersea tunnel, the Chunnel runs under water for 23 miles, with an average depth of 150 feet below the seabed. Each day, about 30,000 people, 6,000 cars and 3,500 trucks journey through the Chunnel on passenger, shuttle and freight trains

The Chunnel’s $16 billion cost was roughly twice the original estimate, and completion was a year behind schedule. One year into service, Eurotunnel announced a huge loss, one of the biggest in United Kingdom corporate history at the time. A scheme in which banks agreed to swap billions of pounds worth of loans for shares saved the tunnel from going under and it showed its first net profit in 1999

Freight traffic was suspended for six months after a fire broke out on a lorry in the tunnel in November 1996. Nobody was seriously hurt in the incident.

In 1996, the American Society of Civil Engineers identified the tunnel as one of the Seven Wonders of the Modern World.