Its report highlighted poor forecasting about passenger demand for the Channel Tunnel Rail Link, which had "proved over-optimistic".
The company also said that its 300 millionth passenger had travelled through the Tunnel on 18 October since its commercial opening in June 1994.
The turnaround plan, known as Project Galaxie, includes proposals to cut access rates to the tunnel for Eurostar high speed passenger trains, and freight operators EWS and SNCF.
In the shinkansen case, large slabs of concrete peeled off tunnel walls and slammed into the passenger compartments of passing bullet-trains.
Randi Humborstad, project leader at Nordfjord Vekst, the organisation behind the tunnel plans, cites a 161-passenger cruise ship that was almost shipwrecked in 2004 as further evidence of the area's fierce conditions.
The illusion is only broken when you see behind the wood panelling the iron support structure, embossed with the initials of the London Passenger Transport Board, from whom parts of Tube tunnel were borrowed to build the complex.
He said that the first quarter of 2008 would confirm the company's progress, thanks to a boost in road traffic through the tunnel and "outstanding" growth from the Eurostar passenger rail service.
But history counsels caution, too: Britain's only existing high-speed line, from London to the Channel Tunnel, has never come close to achieving its projected passenger numbers.
He adds that the opening up of the Channel Tunnel to competition was a European Union decision, and that it only applies to seated passenger services.
If you limit the crossings to only those in the immediate Detroit area (Ambassador Bridge and the Detroit-Windsor Tunnel) then the Ambassador Bridge provides 97% of the truck traffic and 53% of the passenger traffic.
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