High Speed 1 (“HS1”) is the UK’s only high-speed rail line running 109km from St Pancras International to the Channel Tunnel that connects the UK with France. HS1 operates, manages and maintains the track and four stations along the route, including St Pancras, under a 30-year concession with the Department for Transport (DfT) through to December 2040.
HS1 generates income from track access charges from domestic and international train operating companies and from retail and car parking at stations. The Project benefits from both demand risk1 mitigation and inflation-linked tariffs. Major maintenance and asset renewal are regulated with the costs ultimately passed through to the train operating companies.
Eurostar services have been operating on HS1 since 2007, while domestic high-speed services under the Southeastern Highspeed brand became fully operational in December 2009. In 2019, HS1 commissioned an impact study, undertaken by a third-party consultant: Steer.
1 As measured by train paths along the line