TransManche Link
Encyclopedia
TransManche Link or TML was a British-French construction consortium responsible for building the Channel Tunnel
Channel Tunnel
The Channel Tunnel is a undersea rail tunnel linking Folkestone, Kent in the United Kingdom with Coquelles, Pas-de-Calais near Calais in northern France beneath the English Channel at the Strait of Dover. At its lowest point, it is deep...

 under the English Channel
English Channel
The English Channel , often referred to simply as the Channel, is an arm of the Atlantic Ocean that separates southern England from northern France, and joins the North Sea to the Atlantic. It is about long and varies in width from at its widest to in the Strait of Dover...

 between Cheriton
Cheriton, Kent
Cheriton is a northern suburb of Folkestone in Kent that is the location of the English terminal of the Channel Tunnel. It is the location of the major army barracks of Shorncliffe Camp.- History :...

 in Kent, United Kingdom, and Sangatte
Sangatte
Sangatte is a commune in the Pas-de-Calais department on the northern coast of France on the English Channel.Like many place names in French Flanders, the name is of Flemish origin and means "gap in the sand".-Engineering:...

 in France.

History

In April 1985 the British and French governments invited proposals for the construction of a link between the two countries to be privately funded. In January 1986 the two governments selected the Channel Tunnel Group/France Manche (see below) proposal for the construction of two undersea tunnels. At Canterbury Cathedral
Canterbury Cathedral
Canterbury Cathedral in Canterbury, Kent, is one of the oldest and most famous Christian structures in England and forms part of a World Heritage Site....

 on 12 February 1986 the governments signed a treaty approving construction of the Channel Tunnel. In March the concession for the operation of the tunnel was given to Channel Tunnel Group (CTG) and France Manche (FM).

Following the award of this concession CTG was subsumed by the newly formed Eurotunnel
Eurotunnel
Groupe Eurotunnel S.A. manages and operates the Channel Tunnel between Britain and France. The Company operates the car shuttle services and earns revenue on other trains passing through the tunnel...

 plc and FM was similarly replaced with Eurotunnel SA, together these formed the Eurotunnel Group.

In July 1985 the British contractors formed Translink Contractors and the French consortium formed Transmanche Construction. On 18 October 1985 these two groups were formally merged to create TransManche Link (TML). TML was thus contracted to build the tunnel for its customer, Eurotunnel, who would own and operate it. TML senior management were employees of the partner companies seconded to the new organisation.

In October 1986 Eurotunnel was partially floated and the contractors and banks no longer exercised control over the company. Beginning in 1987 relations between TML and Eurotunnel deteriorated, with significant and increasingly public rows erupting over cost and programme management.

With the completion of the Channel Tunnel TML ceased to exist.

Organisation

The participants were as follows:

Channel Tunnel Group (later Translink Contractors)
  • Balfour Beatty Construction
    Balfour Beatty
    Balfour Beatty plc is a British construction, engineering, military housing, rail and investment services company. It is one of the largest construction companies in the UK, and the 15th largest in the world...

  • Costain
    Costain Group
    Costain Group plc is a British construction and civil engineering company headquartered in Maidenhead. It was part of the original Channel Tunnel consortium and is involved in Private Finance Initiative projects.-History:...

  • Tarmac Construction (now Carillion)
  • Taylor Woodrow Construction
  • Wimpey International Construction (now owned by Carillion)
  • National Westminster Bank
    National Westminster Bank
    National Westminster Bank Plc, commonly known as NatWest, is the largest retail and commercial bank in the United Kingdom and has been part of The Royal Bank of Scotland Group Plc since 2000. The Royal Bank of Scotland Group is ranked as the second largest bank in the world by assets...

     (now Royal Bank of Scotland
    Royal Bank of Scotland
    The Royal Bank of Scotland Group is a British banking and insurance holding company in which the UK Government holds an 84% stake. This stake is held and managed through UK Financial Investments Limited, whose voting rights are limited to 75% in order for the bank to retain its listing on the...

    )
  • Midland Bank
    Midland Bank
    Midland Bank Plc was one of the Big Four banking groups in the United Kingdom for most of the 20th century. It is now part of HSBC. The bank was founded as the Birmingham and Midland Bank in Union Street, Birmingham, England in August 1836...

     (now HSBC Bank plc
    HSBC Bank (Europe)
    HSBC Bank plc is one of the four major clearing banks in the United Kingdom and is a wholly owned subsidiary of HSBC Holdings. The business ranges from the traditional High Street roles of personal finance and commercial banking, to private banking, consumer finance as well as corporate and...

    )


France Manche (later Transmanche Construction)
  • Bouygues
    Bouygues
    Bouygues S.A. is a French industrial group headquartered in the 8th arrondissement of Paris, France. Bouygues is listed on Euronext Paris exchange and is a blue chip in the CAC 40 stock market index. The company was founded in 1952 by Francis Bouygues and since 1989 has been led by his son Martin...

     S.A
  • Dumez S.A (now Vinci
    VINCI
    Vinci is a French concessions and construction company, formerly called Société Générale d'Enterprises. It employs over 179,000 people and is the largest construction company in the world by revenue. Vinci is listed at Euronext's Paris stock exchange and is a member of the CAC 40 index...

     S.A.)
  • Société Auxiliaire d’Entreprise S.A. (SAE) (now Eiffage
    Eiffage
    -History:The company was formed in 1992 through the merger of several companies: Fougerolle , Quillery , Beugnet , and La Societe Auxiliaire d' Enterprises Electriques et de Travaux Public, better known as SAE .-Major projects:Recent projects have included the Channel Tunnel completed in 1994, the...

     S.A.)
  • Société Générale d’Entreprises S.A. (SGE) (now Vinci
    VINCI
    Vinci is a French concessions and construction company, formerly called Société Générale d'Enterprises. It employs over 179,000 people and is the largest construction company in the world by revenue. Vinci is listed at Euronext's Paris stock exchange and is a member of the CAC 40 index...

     S.A.)
  • Spie Batignolles
    Spie Batignolles
    Spie Batignolles is a French construction company based in Neuilly-sur-Seine. The company provides building and infrastructure construction in France, Germany, the United Kingdom, Spain, Portugal and Switzerland.-Company history:...

     S.A.
  • Crédit Lyonnais
    Crédit Lyonnais
    Crédit Lyonnais is a historic French bank. In the early 1990s it was the largest French bank, majority state-owned at that point. Crédit Lyonnais was the subject of poor management during that period which almost led to its bankruptcy in 1993...

  • Banque Nationale de Paris (now BNP Paribas
    BNP Paribas
    BNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...

    )
  • Banque Indosuez (now Calyon
    Calyon
    Crédit Agricole Corporate and Investment Bank is Crédit Agricole's corporate and investment banking entity. With a staff of 13,000 employees in 58 countries, Crédit Agricole CIB is active in a broad range of capital markets, investment banking and financing activities...

    )
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
x
OK