London & Continental Railways holds the Government franchise to build and operate the Channel Tunnel Rail Link, and to own and operate Eurostar (UK). LCR's shareholders are Bechtel, SBS Warburg Dillon Read, National Express Group, SNCF (French Railways), London Electricity, Ove Arup & Partners and Sir William Halcrow & Partners.
Rail Link Engineering is project manager and designer of the scheme. It is a consortium of the engineering shareholders in LCR:
Bechtel, Systra (a subsidiary of SNCF), Arup and Halcrow.
Union Railways (North) is a subsidiary of LCR responsible for construction of CTRL Section Two from Southfleet Junction to St Pancras.
Union Railways (South) is the client for Section One from Cheriton to Southfleet Junction and the Waterloo connecting spur to Fawkham Junction. URS is an LCR company controlled by Railtrack.
Railtrack is committed to purchase Section One on completion and to be the operator of entire CTRL.