Appendix 4 Advisers for the restructuring of the project

A large number of advisers were involved in the restructuring of the project, the major parties involved are listed below.

Advisers to the Department:

 

J Henry Schroder & Company Ltd (now Schroder Salomon Smith Barney)

Financial adviser

CMS Cameron McKenna

Legal adviser (commercial arrangements)

Linklaters & Paines

Legal adviser (European Commission)

Mott Parsons Gibb

Technical adviser and project representative

Booze-Allen & Hamilton

Eurostar UK revenue adviser

Deloitte & Touche

Accounting and tax adviser

AON

Insurance adviser

Note:

The total costs of advice to the Department of negotiating the original and restructured deals, along with monitoring of progress on the project, amounted to some £33 million.

Advisers to LCR:

 

Deutsche Bank and SBC Warburg Dillon Read

Joint financial advisers

Herbert Smith

Legal adviser

Clifford Chance

Legal adviser to GGB arrangers

Lovell White Durant

Legal adviser to Bechtel

Ashurst Morris Crisp

Legal adviser to National Express

Nabarro Nathanson

Legal adviser to London Electricity

SBC Warburg Dillon Read and HSBC

Joint GGB arrangers

PriceWaterhouseCoopers

Financial modelling

L.E.K. Consulting

Eurostar UK revenue adviser

Ernst & Young

Tax advisers

Advisers to Railtrack:

 

N M Rothschild & Sons Limited

Financial adviser

Simmons & Simmons

Legal adviser

W S Atkins

Technical adviser

Deloitte & Touche
(separate team to that which advised the Department)

Accounting and tax adviser

AON

Insurance adviser

Advisers to ICRR:

 

Denton Wilde Sapte and Ashurst Morris Crisp

Legal advisers