题目内容:
Section ADirections: In this section, there is a short passage with 5 questions or incomplete statements.Read the passage carefully. Then answer the questions or complete the statements in the fewest possible words. Please write your answers on Answer Sheet 2.
"Without a doubt, the Channel Tunnel would not have been built if we'd known about these problems," Richard Shirrefs, the chief executive of Eurotunnel, said this week. Too few people are using the twenty year-old undersea link between Britain and France to repay even the interest on its swollen construction costs, which have left Eurotunnel with some EUR 9 billion in debt. So, just as happened with supersonic Concorde,taxpayers are being asked to help out another complete Angl0—French transport failure.
But this time,the government of Britain and France are unlikely to cough印(勉强交出钱).In l986,Margaret Thatcher,then Britain’s Prime Minister,and the late Francois Mitterrand。France’s President,announced that no public money would be involved.While the French might now be a little flexible about such things。Britain will not.Pouring public money down the tunnel“is prohibited by international treaty and legislation.”insists a spokesman for Britain’s Department of Transport.
Mr.Shirrefs has not been specific about what he wants,other than a radical restructuring of Eurotunnel’s balance sheet,which could involve state assistance or guarantees.His firm.Which was granted a 99-year lease on the tunnel,has unveiled a record net loss of EURl.9 billion.mostly due to an accounting charge to reflect reduced cash flow expectations.Eurotunnel operates a shuttle service on the twin rail——tracks carrying passengers and vehicles.It also charges others to use the link,including rail—freight companies and Eurostar,which operates high—speed rail services between London,Paris and Brussels.
Even at the lower end of forecasts,some 10m Eurostar passengers were expected to use the link each year.But last year iust 6.3m did.Instead of 5m tons of freight。only l.7 m tons were transported.Mr.Shirrefs would like to boost traffic by cutting charges.but until November 2006 the fees paid by Eurostar and the freight companies are fixed—and at a level that is also based on an expectation of much higher usage.Slashing prices would bring more passengers,but it risks tipping Eurotunnel even closer to bankruptcy unless its balance sheet can be shorn up.The company has already undergone(at least)three earlier financial shake—tips.
None of this will come as a surprise to tunnel-skeptics—who,like Concord’s.were mostly ignored.Even as the tunnel was being dug,ferry firms ordered bigger and faster ships,confident that they could undercut it.In the event.this is what they did.Even the ferries are now adrift and losing passengers to cut-price airlines:Instead of taking an expensive train or a slow boat,an increasing number of passengers now fly cheaply to destinatio
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