Passengers in Kent will benefit from train companies being charged lower fees to operate between London St Pancras and the Channel Tunnel, a regulator has said.
The Office of Rail and Road (ORR) announced the amount paid by operators to use the High Speed 1 (HS1) line for the next five years should be cut by 10.4% from April.
HS1 is used by Eurostar trains to Paris, Brussels and Amsterdam, domestic Southeastern services throughout London and Kent, and freight trains heading to and from the Channel Tunnel.
East Midlands Railway trains also run in and out of London St Pancras.
Demand for seats on Eurostar services has soared since the end of coronavirus travel restrictions despite an increase in fares.
The ORR ordered HS1 – which is owned by a group of investors – to lower access charges after reviewing the company’s latest spending plans.
It stated: “The company is being directed to reduce its charges for renewing its track assets and its stations, including St Pancras.
“It must also reduce its charges for its day-to-day operating and maintenance of the railway.
“ORR was able to identify specific areas in the company’s spending plans where further improvements can be made, resulting in savings to passenger and freight train operators.
“ORR’s view is that better management of the track and station assets can result in lower charges, ultimately benefiting customers.”
Feras Alshaker, the ORR’s director for planning and performance, said: “Our thorough, independent review of HS1 Ltd’s spending plans has resulted in significantly lower costs for passenger and freight train operators using the high-speed line from April 2025.
“Although, overall, HS1’s original plans were good, the company must now change specific areas of those plans to account for our decisions, which should benefit everyone who uses this railway.”
HS1 Ltd chief strategy and regulation officer Mattias Bjornfors added: “We are pleased to see the ORR’s positive endorsement for our plan for the next five years and we now look forward to seeing how the lower cost to operators drives growth on HS1.
“Our plan for 2025-2030 includes proposals to enhance efficiency and reduce the cost of operating the high-speed line, incorporating innovations like track deterioration modelling to better target renewal investments.
“These innovations have enabled us to propose a 16.5% reduction for operators of international traffic and 11-12% for those handling domestic routes, which we strongly encourage operators to pass on to passengers through more competitive fares or improved services.”