Getlink (EU:GET) shares climbed 2% after the UK’s Office of Rail and Road (ORR) granted Virgin Trains Europe (VTE) access rights to the Temple Mills International Depot (TMI).
The ORR reviewed applications from four companies — Virgin, Evolyn, Gemini, and Trenitalia — alongside a submission from Eurostar, the current operator of the facility. The regulator rejected the other applications, citing insufficient capacity at TMI to accommodate additional operators beyond VTE.
Analysts at Jefferies described the decision as “a positive step towards increased passenger traffic through the tunnel,” noting that Virgin intends to carry around 6 million passengers annually once operations begin in 2030.
The approval represents a major milestone for Virgin Trains Europe as it advances its plans to expand in the European high-speed rail market.
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