London and Continental Stations and Property Ltd

Template:WikifydateLondon & Continental Stations and Property (LCSP) is developing the new international stations on the CTRL and is also the property division of LCR.

LCSP has responsibility for the multi-billion-pound regeneration of land around the CTRL stations in partnership with developers and in close co-ordination with Government agencies, local authorities and communities. It is also playing a crucial role in enabling the London 2012 Olympics and in delivering homes and jobs in the Thames Gateway. In addition, LCSP has responsibility for the acquisition of land required for the CTRL and manages all of LCR's commercial and residential properties.

The responsibility for the overall delivery of the CTRL lies with two LCR subsidiaries: Union Railways (South) Ltd (for Section 1) and Union Railways (North) Ltd (for Section 2).

The whole line (Section 1 and Section 2) will be operated as a single entity by Network Rail, which will be able to integrate operations with the rest of the railway network. The project is funded through a combination of Government-guaranteed bonds, Government grants, bank debt and structured finance.

On behalf of LCR, the new line is being designed and project managed by Rail Link Engineering (RLE), a consortium of Bechtel, Arup, Systra and Halcrow, all of whom are also shareholders in LCR. RLE carries out design and procurement, and manages the contractors who are building the railway, to meet the overall requirements of Union Railways (South) and Union Railways (North), the client companies.

Eurostar (UK) Ltd, another LCR subsidiary, owns and operates the UK arm of the Eurostar service. Eurostar (UK) is operated on LCR's behalf by a consortium of National Express Group, British Airways and the French and Belgian national railways (SNCF and SNCB).

LCR's shareholders are the members of RLE (Bechtel, Arup, Systra and Halcrow), transport operators National Express Group and SNCF, electricity supply company EDF, and UBS investment bank.

Work began in October 1998 to build Section 1 of CTRL between the Channel Tunnel and Fawkham Junction. This section was completed in 2003 on time and on budget. Work on Section 2 began in July 2001. Union Railways (North) is the LCR subsidiary responsible for construction of this final section into central London, which will open in 2007.

CTRL (UK) Ltd is a subsidiary of LCR and now acts as client for the operation and maintenance of Section 1.