Eurostar boosts travel network with 50 new Alstom trains for northern Europe expansion
Eurostar is set to expand its travel network with a significant investment in new high-speed trains. On October 22, 2023, Eurostar announced an order for 50 Alstom trains, with an option for an additional 20 units. This strategic move supports Eurostar’s efforts to enhance its presence in the competitive international rail market.
Investment Details
The total investment for this project amounts to €2 billion. Of this, €1.4 billion is allocated solely for the train procurement. The new trains are expected to be delivered by 2031, marking a pivotal step in Eurostar’s development strategy.
Expansion Strategy
Eurostar operates under SNCF, France’s national railway company, which holds a 43% market share in the high-speed rail sector. CEO Christophe Fanichet emphasized the need to innovate and expand internationally, especially in routes utilizing the Channel Tunnel.
Recent Developments
- New Leadership: Former Prime Minister Jean Castex has been appointed to lead the SNCF.
- Merger Impact: The merger with Thalys in 2022 is part of Eurostar’s initiative to improve cross-border travel services.
Future Outlook
With this move, Eurostar aims to capture a larger share of the growing demand for high-speed rail travel in northern Europe. The upcoming trains will enhance service offerings and potentially attract more passengers to rail travel.
Eurostar’s commitment to this expansion reflects its determination to thrive in an evolving transportation landscape, where competition is intensifying. The investment in new Alstom trains is a clear indicator of the company’s ambition and growth potential.
