Channel Tunnel over £3 million. Ten workers, eight of them British, were killed during construction between 1987 and 1993, most in the first few months of boring. A two-inch (50-mm) diameter pilot hole allowed the service tunnel to break through without ceremony on 30 October 1990. On 1 December 1990, Englishman Graham Fagg and Frenchman Phillippe Cozette broke through the service tunnel with the media watching. Eurotunnel completed the tunnel on time, and it was officially opened, one year later than originally planned, by Queen Elizabeth II and the French president, François Mitterrand, in a ceremony held in Calais on 6 May
Channel Tunnel build the tunnel, but financing was through a separate legal entity, Eurotunnel. Eurotunnel absorbed CTG/F-M and signed a construction contract with TML, but the British and French governments controlled final engineering and safety decisions, now in the hands of the Channel Tunnel Safety Authority. The British and French governments gave Eurotunnel a 55-year operating concession (from 1987; extended by 10 years to 65 years in 1993) to repay loans and pay dividends. A Railway Usage Agreement was signed between Eurotunnel, British Rail and SNCF guaranteeing future revenue in exchange for the railways obtaining half of the tunnel's capacity. Private funding