Why The Chunnel Failed

"When the Channel Tunnel opened 10 years ago...it was hailed as an engineering marvel, a new paradigm for the private financing of public-works projects and a way to integrate Britain into a continent it had always held at arm's length. But it has not worked out that way: while the 31-mile-tunnel linking Folkestone and Calais was a technological success, it's been a miserable failure both financially and politically...The hard truth is that the private sector alone can never build these massive infrastructure projects because the risks are too great and the return is too small."

Thanks to Abhijeet Chavan