4 In signing a direct agreement with LCR's bankers, the Department agreed to support the servicing of all of the £430 million borrowed during the early stages of the project. The effect of this was that, if the agreement with LCR was terminated, the Department agreed to take back not just the assets of the Eurostar UK business but also its outstanding liabilities. The Department therefore retained the risk that future Eurostar UK revenues would be insufficient to service this debt and attract further investment in the project. If the market is unwilling to provide sufficient debt capital secured on the project, that is a clear signal that the project risks go beyond normal commercial risks. A Government guarantee of debt capital transfers project risks to the department, which needs therefore to consider thoroughly how to manage those risks.