The Eurotunnel consortium will press ahead with...

The Eurotunnel consortium will press ahead with its $1.3--billion share float later this month despite the worldwide stock market slump, ocnfident that its investors will take a long--term view of the project, Eurotunnel Co--Chairman Andre Benard said. He said early indications are that investors are reasonably enthusiastic. The consortium is planning to build a 32--mile rail tunnel beneath the English Channel between Britain and France, to start operating by 1993. It should cut the train journey from London to Paris to barely 3 hours from the present 7 hours, comparing favorably with the flying time.