Skip to main content
Channel TunnelMarket CompetitionAug 9, 2026, 5:00 AM· 4 min read· #2 of 6 in automotive

FS Group Orders 19 Trains, Confirms 2029 Launch to Rival Eurostar in Channel Tunnel

Italy's state-owned railway has placed a €2 billion order for 19 high-speed Hitachi trains, cementing its plan to break Eurostar's 30-year monopoly on the Paris-London route.

By Dev Anand

Challenger Railways 35%Incumbent Operators 25%Consumer Advocates 20%Infrastructure Managers 20%
Challenger Railways
Argue that breaking the cross-Channel monopoly will lower fares, improve service, and utilize untapped tunnel capacity.
Incumbent Operators
Emphasize their established safety record and the immense logistical complexities of cross-border rail operations.
Consumer Advocates
Focus on the potential for lower ticket prices and better passenger rights through increased market competition.
Infrastructure Managers
Welcome increased track usage but warn that physical border control bottlenecks at terminals must be resolved first.

How we got here

  1. 1994

    Eurostar launches the first passenger rail service through the Channel Tunnel, establishing a monopoly.

  2. December 2021

    Trenitalia enters the French domestic market, launching high-speed services between Paris and Lyon.

  3. December 2025

    FS Group partners with US investment firm Certares to fund its international expansion plans.

  4. August 2026

    FS Group officially orders 19 high-speed trains from Hitachi Rail, confirming a 2029 launch for the Paris-London route.

Why it matters

For three decades, travelers crossing the English Channel by train have had only one option, often resulting in steep fares and limited availability. The arrival of a well-funded, state-backed competitor promises to fundamentally alter the economics of European travel, potentially lowering ticket prices and shifting more passengers away from short-haul flights.

For thirty years, a single company has held a monopoly on the 31-mile tunnel beneath the English Channel. That era effectively ended on August 7, 2026, when Italy’s state-owned railway, FS Group, signed a €2 billion order for 19 new high-speed trains from Hitachi Rail. The massive investment, which covers both the construction of the fleet and its long-term maintenance, is the first firm hardware commitment from a rival operator aimed directly at the Paris-London corridor. With the trains officially ordered, FS Group has confirmed its highly anticipated cross-Channel service will launch in 2029.[1][2]

For the everyday traveler, this development signals a seismic shift in how Europe connects. Anyone who has booked a last-minute ticket from St Pancras to Gare du Nord knows the sting of monopoly pricing, where fares can easily eclipse the cost of a short-haul flight. By introducing a well-funded competitor onto the route, the market dynamics that have governed cross-Channel travel since 1994 are set to be rewritten.

The €2 billion package is not just about buying trains; it is about building an independent operational ecosystem. Alongside the 19 Hitachi trainsets, the deal includes the construction of a dedicated maintenance hub at Maisons-Alfort Pompadour, located just outside Paris. This is a critical strategic maneuver. By basing its maintenance operations in France, FS Group’s subsidiary, Trenitalia France, bypasses the need to secure scarce depot space in the United Kingdom.[1][3]

The €2 billion order covers both the construction of the fleet and long-term maintenance infrastructure.
The €2 billion order covers both the construction of the fleet and long-term maintenance infrastructure.

Under this operational model, only a single train will need to remain in London overnight to service the first morning departure. The rest of the fleet will cycle back to the French hub. This logistical independence insulates Trenitalia from the infrastructure bottlenecks that have historically deterred new entrants from challenging the incumbent operator.[3]

The financial muscle behind this expansion comes from a strategic partnership forged in late 2025 between FS Group and Certares, a US-based private investment firm. Certares injected crucial capital to accelerate Trenitalia’s international ambitions, specifically targeting the lucrative UK-France corridor. This backing transforms what was once a speculative proposal into a fully capitalized reality, complete with a signed manufacturing contract.[3]

The financial muscle behind this expansion comes from a strategic partnership forged in late 2025 between FS Group and Certares, a US-based private investment firm.

Trenitalia is no stranger to breaking monopolies. Following the European Union’s mandate to open national rail networks to competition, the Italian operator successfully entered the French domestic market. Its high-speed services between Paris and Lyon, as well as routes to Milan and Marseille, have proven highly popular. Consumer advocates note that Trenitalia’s entry into France forced the national incumbent, SNCF, to compete aggressively on price, resulting in cheaper tickets for passengers.

The new Hitachi trains will initially be deployed to increase frequencies on these existing French domestic routes before being certified for the Channel Tunnel. Operating a train beneath the English Channel requires navigating some of the strictest safety and evacuation regulations in the world. The rolling stock must be custom-engineered to meet these exacting standards, a process that dictates the 2029 launch timeline.[1][2]

The Channel Tunnel currently operates at only half of its physical capacity, leaving ample room for new operators.
The Channel Tunnel currently operates at only half of its physical capacity, leaving ample room for new operators.

While FS Group has taken the decisive lead by ordering hardware, it is not the only company eyeing the tunnel. Virgin Trains, backed by Sir Richard Branson, has secured depot space in east London and is actively developing its own cross-Channel service, targeting a 2030 launch. Meanwhile, Spanish mobility startup Evolyn has also signaled its intent to enter the fray.[4]

This sudden rush of competition is welcomed by Getlink, the company that manages the Channel Tunnel infrastructure. Currently, the tunnel operates at roughly half of its physical capacity. More trains mean more track access fees for Getlink, and a more efficient use of a monumental piece of European engineering.

However, the true bottleneck for cross-Channel travel no longer lies beneath the water. The primary constraint is terminal capacity. Post-Brexit border regulations require rigorous passport checks and stamping, drastically slowing the flow of passengers through St Pancras International and Gare du Nord. Even if the tunnel can handle dozens of additional trains per day, the stations currently cannot process the passengers fast enough to fill them.

While the tunnel has spare capacity, post-Brexit border checks at terminals remain a significant bottleneck for passenger flow.
While the tunnel has spare capacity, post-Brexit border checks at terminals remain a significant bottleneck for passenger flow.

To make the 2029 launch viable, FS Group and infrastructure managers will need to collaborate on expanding border control facilities and streamlining passenger processing. Digital border initiatives and expanded terminal footprints are currently under discussion, but resolving the station choke points remains the most significant hurdle between the factory floor and the inaugural journey.[4]

Ultimately, the arrival of Trenitalia’s Hitachi fleet represents a massive win for sustainable travel. The Paris-London air route remains one of the busiest in Europe, largely because rail fares can be prohibitively expensive during peak times. By driving down ticket prices through competition, FS Group’s 2029 launch has the potential to shift thousands of passengers from planes to trains, aligning economic incentives with environmental necessities.[4]

What to know

  1. Italy's FS Group has ordered 19 high-speed trains from Hitachi Rail for approximately €2 billion.
  2. The investment confirms Trenitalia's plan to launch a Paris-London service by 2029, challenging Eurostar's monopoly.
  3. The deal includes a new maintenance hub near Paris, allowing the operator to bypass UK depot bottlenecks.
  4. While tunnel capacity is plentiful, terminal border control limitations remain the primary hurdle for expanding cross-Channel services.

Where opinion splits

The Challenger Railways

FS Group and Virgin Trains see the Channel Tunnel as Europe's most lucrative untapped rail artery.

Challenger operators argue that breaking the 30-year monopoly will naturally drive down ticket prices and improve onboard amenities. By investing heavily in independent maintenance hubs—like FS Group's new facility near Paris—they aim to bypass the logistical bottlenecks that have historically protected the incumbent. They view the current high fares as an artificial ceiling that suppresses overall rail demand in favor of short-haul flights.

The Infrastructure Managers

Entities like Getlink welcome the revenue that additional trains will bring, but warn of terminal constraints.

The tunnel operator notes that the physical infrastructure currently operates at only half its capacity. However, they caution that the real choke points are not under the water, but at the terminals. Post-Brexit border checks at St Pancras and Gare du Nord severely limit how many passengers can be processed per hour, meaning that without significant terminal expansion, adding more trains will simply result in empty seats.

Consumer Advocates

Passenger groups are celebrating the €2 billion order as the beginning of the end for sky-high cross-Channel fares.

Advocates point to Trenitalia's entry into the Paris-Lyon route, which successfully forced SNCF to compete on price and service. However, they also warn that new entrants must match the reliability of established services, noting that fragmented operations can sometimes complicate passenger refunds and rebooking during major disruptions or border delays.

Key terms

FS Group
Ferrovie dello Stato Italiane, Italy's state-owned national railway company and the parent company of Trenitalia.
Channel Tunnel
The 31-mile underwater rail tunnel linking Folkestone, England, with Coquelles, France, currently dominated by Eurostar.
Getlink
The European company that manages and operates the Channel Tunnel infrastructure.
Office of Rail and Road (ORR)
The independent safety and economic regulator for Britain's railways.
Rolling Stock
The locomotives, carriages, and other vehicles used on a railway.

Unanswered questions

  • How quickly UK and French border authorities can expand passport control capacity at St Pancras and Gare du Nord to accommodate the influx of new passengers.
  • The exact pricing strategy Trenitalia will use to undercut Eurostar upon launch.
  • Whether Virgin Trains will successfully launch its rival service by 2030, creating a three-way competition for the route.

Reader questions

When will the new Trenitalia trains start running to London?

FS Group has confirmed a target launch date of 2029 for its Paris-London service.

Will this make Channel Tunnel tickets cheaper?

Historically, introducing competition on European rail routes has lowered fares. Trenitalia's entry into the French domestic market previously forced incumbent operators to reduce prices.

Where will the new trains be maintained?

FS Group is building a new maintenance hub at Maisons-Alfort Pompadour near Paris, allowing them to service the fleet without relying on UK-based depots.

Is Virgin Trains still planning a rival service?

Yes. Virgin Trains has secured depot space in east London and is targeting a 2030 launch, meaning multiple competitors could enter the market within a year of each other.

Sources

Source coverage

4 outlets

4 viewpoints surfaced

Challenger Railways 35%Incumbent Operators 25%Consumer Advocates 20%Infrastructure Managers 20%
  1. [1]The Rail AgendaChallenger Railways

    FS Italiane orders 19 high-speed trains from Hitachi Rail for Trenitalia France expansion

    Read on The Rail Agenda
  2. [2]Le MondeIncumbent Operators

    Trenitalia Orders 19 Trains in Hitachi and Confirms the Opening of the Paris-London Route in 2029

    Read on Le Monde
  3. [3]The IndependentChallenger Railways

    Italian rail group reveals plans to challenge Eurostar with Paris-London trains

    Read on The Independent
  4. [4]City AMInfrastructure Managers

    Avanti West Coast owner to launch £856m Eurostar rival

    Read on City AM

Comments

Stay informed

Every angle. Every day.

Get automotive stories with full source coverage and perspective breakdowns delivered to your inbox.